Tuesday May 6, 4:06 AM
US STOCKS-Wall St ends down with Countrywide, oil over $120
NEW YORK, May 5 (Reuters) - U.S. stocks ended lower on
Monday on worry that Bank of America Corp may walk
away from buying troubled lender Countrywide Financial Corp
, while oil's jump to a record above $120 a barrel
stoked worry about consumer spending.
Based on the latest available data, the Dow Jones
industrial average fell 88.66 points, or 0.68 percent,
to end unofficially at 12,969.54. The Standard & Poor's 500
Index slipped 6.42 points, or 0.45 percent, to finish
unofficially at 1,407.48. The Nasdaq Composite Index
dropped 12.87 points, or 0.52 percent, to close unofficially
at 2,464.12.
(Reporting by Caroline Valetkevitch; Editing by Jan Paschal)
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