Stocks Tumble on Oil, Deficit News

Stocks Tumble on Oil, Deficit News July 29th, 2008 BUSINESSWEEK - Market Snapshot July 28, 2008, 4:50PM EST Financial stocks gave up recent gains as a rise in oil prices and word of a record U.S. budget gap weighed on the market Monday by Ben Steverman Major U.S. stock indexes skidded Monday as a recent rebound for financial stocks faltered, oil prices rose and a report said the U.S. budget deficit could swell to a record. Traders also weighed news that private equity firm Kohlberg Kravis R

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