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Stocks trade lower as oil rises, Street examines quarterly reports

Tuesday April 22, 4:09 pm ET

Stocks trade lower as oil rises, Street examines quarterly reports; DuPont, McDonald's decline

NEW YORK (AP) -- Wall Street has ended the day with a sharp loss after disappointing news from companies including DuPont and McDonald's Corp. Another spike in oil prices also kept stocks under pressure by raising concerns about inflation.

McDonald's and DuPont reported stronger-than-expected earnings. But DuPont said a U.S. slowdown will offset its growth abroad and McDonald's said an important metric of its sales showed a decline for March.

The comments gave trading a downbeat tone. So did crude oil prices that came close to $120 a barrel.

The Dow Jones industrial average is down about 104 points at the 12,720 level.