NEW YORK (AP) - Wall Street stumbled Wednesday after crude oil prices shot up to another new high, passing $56 a barrel and raising the specter of higher inflation and interest rates. General Motors Corp.'s grim outlook for its first quarter took an added toll on the Dow Jones industrials, which fell more than 110 points.
Investors were already inclined to sell following the Commerce Department's report that the U.S. deficit in the broadest measure of international trade soared to a record $665.9 billion (euro498 billion) last year, 25.5 percent above the previous record set in 2003.