Stocks Down Sharply

By: Associated Press Email
By: Associated Press Email

New York (AP) Stock prices are sharply lower at midday.

Stocks have been hit with a double whammy today, between a rising unemployment rate and a sharp increase in crude oil prices.

The losses are broadly based, with only the energy sector seeing strength. Today's decline comes after a strong rally seen yesterday.

Crude is rising for a second straight day, moving above $134 a barrel.

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