By  on June 19, 2008

Wall Street tumbled on Wednesday amid more fears about the financial sector and rising oil prices, and retail stocks bore a major share of the damage.

The Standard & Poor's Retail Index, down more than 2 percent for most of the day, ended the session with a 1.9 percent decline to 385.05. The Dow Jones Industrial Average fell below 12,000 for the first time since March during trading before recovering to close down 1.1 percent to 12,029.06. The S&P 500 dropped 1 percent to 1,337.81.

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