The Dow fell 205 points to 11,378.
The S&P dropped 16 points to 1,267.
And the Nasdaq composite slipped 4 points to 2,325.
Declining issues led advancers by a 5 to 3 margin on the New York Stock Exchange.
NYSE volume came to 5 billion shares. Nasdaq stock market volume was 2.3 billion shares.
Crude fell $2.69 to settle at $124.08 in New York.
(Copyright 2008 by The Associated Press. All Rights Reserved.) AP-NY-07-31-08 1611EDT