Dow dips below 11,000
Jul. 11 - U.S. stocks fell well over 1 percent, with the Dow near a 2 percent decline, as fears mount about the future of mortgage giants Fannie Mae and Freddie Mac, and as oil climbed to a new record.
Crude oil rallied above $147 a barrel for the first time led by fear of a disruption to Iranian oil supplies.
Conway Gittens reports from New York.
SPEAKER: Art Hogan, chief market strategist, Jefferies
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