Markets Right Now: Crude slides, dragging down energy stocks

NEW YORK (AP) — The latest on developments in financial markets (all times local):
4 p.m.
Stocks are closing mostly lower on Wall 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 muc