Stocks hit 2-year low

(02:18) Report

Jul. 11 - U.S. stocks took a beating on Friday after new worries about the nation's top mortgage providers and oil's record high of $147 put investors in a foul mood.

  • The Dow fell 128 points to 11,100.
  • The S&P 500 lost 13 points to 1,239.
  • The Nasdaq shed 18 points to 2,239. Oil prices surged $3.43 to settle at $145.08 a barrel. Conway Gittens reports from New York.SOUNDBITE: Art Hogan, chief market strategist, Jefferies & Co.

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