Stocks mostly lower again after big drop

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Stocks mostly lower again after big drop
Friday June 27, 1:34 pm ET
By Madlen Read, AP Business Writer
Wall Street loses more ground as oil rises; personal spending, incomes jump


NEW YORK (AP) -- Stocks slid again Friday after their sharp dive in the previous session, with investors anxious about a new oil price record and dubious that personal income and spending will remain resilient.
http://biz.yahoo.com/ap/080627/wall_street.html
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Dow crosses into bear market territory
Friday June 27, 1:27 pm ET


NEW YORK (Reuters) - The Dow Jones industrial average (DJI:^DJI - News) of stocks slid on Friday into bear market territory as investors fretted about the impact of record oil prices and mounting credit losses in the financial sector.
To begin a bear market cycle, or prolonged period of falling stock prices, the index needs to end the session at least 20 percent below its closing peak, reached in October.

The Dow was down 124.98 points, or 1.09 percent, at 11,328.44, which was 20 percent below its record close on October 9, 2007.

(Reporting by Ellis Mnyandu, Editing by Kenneth Barry)