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Oil Drives Dow Down 268 Points, Nike Sole Blue Chip to Finish Higher

A broad sell-off on Wall Street had the Dow Jones Industrial tanking 268 points.

A broad sell-off on Wall Street had the Dow Jones Industrial tanking 268 points. All the benchmarks lost more than 1.5% pressured by falling oil prices. Crude oil rebounded from its session low but still fell $2.88 to settle at just below $60.94 a barrel. Energy stocks got slammed. Chesapeake (CHK) and Peabody (BTU) contributed to the declines on the S&P 500. Tesla (TSLA) is another victim of sliding oil prices. The electric car maker decline another 3%. But airlines are soaring on the falling commodity. United Continental (UAL), American Airlines (AAL) and Southwest (LUV) are all benefiting from lower fuel costs. Nike (NKE) was the only blue chip to close in the green. The athletic wear company got a few bullish calls from analysts on Wall Street.

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