Crude slides, dragging down energy stocks

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NEW YORK (AP) Stocks closed mostly lower on Thursday Street after a big rally the day before.

Energy companies fell again Thursday as price of oil entered a bear market with a decline of 20.6 percent from its peak in early October.

Oil prices have been falling as traders worry about rising supplies.

Chipmaker Qualcomm dropped 8.2 percent after giving a disappointing revenue forecast.

Markets didn't react much to the Federal Reserve's decision to hold interest rates steady.

The S&P 500 index fell 7 points, or 0.3 percent, to 2,806.

It rose 2.1 percent a day earlier.

The Dow Jones Industrial Average edged up 10 points to 26,191.

The Nasdaq fell 39 points, or 0.5 percent, to 7,530.

Bond prices fell.

The yield on the 10-year Treasury edged up to 3.24 percent.