Wall Street: The bear is back

CNNMoney - Last Updated: July 2, 2008: 4:19 PM EDT Dow and Nasdaq end at bear market levels, down more than 20% from October highs. Stocks slide on record oil prices, GM’s downgrade and jitters about the jobs report. By Alexandra Twin, CNNMoney.com senior writer NEW YORK (CNNMoney.com) — Stocks slumped Wednesday, with the Dow and Nasdaq ending in bear market territory, amid record oil prices, a 15% slump in GM stock and jitters about Thursday’s big government report and ECB interest rate deci

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