NEW YORK (AP) - Wall Street is down sharply in early trading as investors digest wider-than-expected losses at a big insurer and as oil climbs further into record territory.
| AIG | 39.34 |
The losses at American International Group Inc. are a stark reminder of ongoing problems in the financial sector due to the credit crisis. And crude oil has moved above $126 per barrel for the first time.
The Dow Jones industrials is down about 136 points at the 12,730 level.

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