Stocks End Lower on Oil, Earnings News

The Dow nearly ended in bear-market territory amid higher crude prices, poor earnings news, and worrise about more bank writedowns

U.S. stocks extended the prior day's losses on Friday amid mounting fears about rising inflation and the damage higher oil prices are inflicting on the economy. The benchmark Dow industrials briefly dropped into official bear-market territory after falling more than 20% from last October's peak, spurred by some gloomy earnings reports and concerns over further asset writedowns by banks.

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