Stocks fall on inflation fears

(02:06) Report

May 9 - Oil sets another record high while AIG reports a record loss.

  • The Dow loses 121 points to end at 12745.
  • The S&P 500 fell by 9 points to 1388.
  • The Nasdaq dropped 5 points 2445.
  • Crude oil prices jumped again to settle at a record $125.96 barrel.

    Manoush Zomorodi reports from New York.

    SOUNDBITE: Anthony Grisanti, Grz Energy President

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