New York City – Stocks Tumble as Oil Ends Above $120

New York City – Stocks ended the trading session lower as concerns about a pipeline that was attacked in Turkey propelled oil to close above $120 a barrel.

Adding to the selling pressure was a trio of dismal news: a rise in jobless claims, Wal-Mart’s sales miss and AIG’s wider-than-expected loss.

the DJ industrial average fell 217 points to close at 11,438