Wall Street: The bear is back

Stocks slumped Wednesday, with the Dow and Nasdaq ending in bear market territory on record oil prices, a 15% slump in GM stock and worries ahead of the June jobs report and ECB interest-rate decision, both due Thursday.

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Stocks feel bear’s breath, jobs data ahead (Reuters)

Traders work on the floor at the New York Stock Exchange, June 26, 2008. (Brendan McDermid/Reuters)Reuters - Stocks will start the second half of
2008 staring into the jaws of a bear market.



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Market ends lower, Dow on cusp of bear market (Reuters)

Stocks fell sharply on Friday as the drop in the Dow had pushed it down in afternoon trading more than 20 percent below its October 2007 peak. (Graphics/Brendan McDermid - photo/Reuters)Reuters - Stocks fell on Friday, pushing the Dow
to the brink of a bear market, hounded by concerns that record
oil prices and the seemingly endless credit crisis will further
damage the economy.



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