Record oil and gas prices sent the markets tumbling during the midday with the Dow plunging 117 points to 12,708. Nasdaq plummeted 35 points to 2373.
On the upside
In the broad market, declining issues outpaced advancers by a margin of more than 3 to 1 on the NYSE and by nearly 7 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks plummeted 17 points to 701.