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Friday, July 14, 2006

Stocks Tumble As Oil Prices Soar

Stocks Drop As Oil Prices Soar on Escalating Mideast Turmoil; Dow Down Almost 400 Pts. for Week

Friday July 14, 12:13 pm ET
By Christopher Wang, AP Business Writer

NEW YORK (AP) -- Surging oil prices pulled stocks sharply lower for a third straight session Friday, with bland earnings at General Electric Co. and weak consumer data further dampening the economic outlook. The Dow Jones industrial average has lost almost 400 points this week.

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