NEW YORK -- U.S. stocks tumbled Friday pushed by a spike in oil prices and Federal Reserve Chairman Alan Greenspan's comments about the softening dollar.
The Dow Jones industrials closed down 115 points, or 1.09 percent, to 10,446.91. The Nasdaq index fell 33.65, or 1.60 percent, to 2,070,63 and the Standard & Poor's 500 lost 1 3.21, or 1.12 percent, to 1,170.34.
Crude-oil futures jumped $2.22 to $48.44 a barrel.
Bonds fell as the 10-year Treasury note lost 22/32, or $6.88 for each $1,000 invested. The yield rose to 4.200 percent.
The dollar weakened. The euro gained against the dollar to $1.3021 from $1.2963 the day earlier. The dollar fell to 103.11 yen from 104.22.
Gold, a bet against the dollar, gained while December futures rose to $447 from $442.90.
