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Dow flirts with bear market

June 27, 2008

Wall Street experienced more pain with the Dow at one point down 20 percent drop from its record peak set in October 2007. Blue chips lost 106 points to 11,346. The S&P 500 lost 4 points to 1,278. The Nasdaq lost 5 points to 2,315. Crude oil set a new record settlement at $140.21 a barrel. Speaker: Alec Young, equity strategist, Standard & Poor's Conway Gittens reports from New York.