"Meanwhile, rising crude oil prices remained a source of worry for investors, as they had much of the week and in recent months. Oil futures rose above $126 a barrel for the first time, further stoking Wall Street's concerns about inflation that could curtail consumer spending. Light, sweet crude rose as high as $126.20 on the New York Mercantile Exchange before settling at a record $125.96. For the week, oil jumped nearly $10."
Source
http://biz.yahoo.com/ap/080509/wall_street.html
Stocks decline as AIG reveals need for cash, oil surges
Friday May 9, 5:48 pm ET
By Tim Paradis, AP Business Writer
I think CNN got it wrong.