Stocks plunged Wednesday as a broker’s downgrade of Dell Inc. and higher oil prices aggravated Wall Street’s worries about a shaky start to second-quarter earnings, the Associated Press reports. The Dow Jones industrial average sank more than 121 points.

According to preliminary calculations, the Dow tumbled 121.35, or 1.09 percent, to 11,013.42. Broader stock indicators also dropped sharply. The S & P; 500 index fell 13.92, or 1.09 percent, to 1,258.60, and the Nasdaq fell 38.62, or 1.81 percent, to 2,090.24.

Read the full Associated Press story

.

Today’s Winners & Losers

Smart & Final Inc. lost 8.9 percent to close at $15.02 while Semtech Corp. dropped 5.3 percent to $12.90 and Hi-Shear Technologies dropped another 5.3 percent to close at $16.

On the up side were California Pizza Kitchen Inc., gaining 2.5 percent to close at $28.07, along with UTI Worldwide Inc., which gained 1.7 percent , closing at $27.10 and National Mercantile Bankcorp. which gained 1.5 percent to close at $13.20.