NEW YORK (MarketWatch) -- U.S. stocks stumbled Wednesday, extending the biggest one-day loss so far this year, as oil neared $98 a barrel and technology titan Hewlett-Packard Co. projected slower growth this year.
The losses continued after a report showing existing home sales rose to 5.36 million in January from 5.22 million in December.
Kate Gibson is a reporter for MarketWatch, based in New York.
Libyan crisis rocks oil markets
Oil markets will closely watch Libya today after Tuesday's events pushed the price of a barrel of oil to the highest level in two years. The News Hub also looks at disappointing HP earnings and new life in the U.S. commercial real estate market.
Read More: http://www.marketwatch.com/story/us-stock-market-extends-losses-2011-02-23?reflink=MW_news_stmp
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