Mounting worries sink stock market

(02:01) Report

Mar. 6 - U.S. stocks tumbled to lows not seen since late January as renewed worries about the financial and housing sectors pummeled investor sentiment.

The Dow tumbled 214 points to 12,040. The S&P 500 lost 29 points to 1,304. The Nasdaq was down 52 points to 2,220. Crude oil closed at a new record of $105.47

SPEAKER: Fadel Gheit, senior energy analyst, Oppenheimer.

Conway Gittens reports from New York.

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