Wall Street fell sharply early Friday as investors contended with wider-than-expected losses at insurer American International Group Inc. and another worrisome spike in oil prices. The Dow Jones industrial average at times lost more than 100 points.

Democrats' plans to help hundreds of thousands of homeowners struggling with rising subprime mortgage rates and plummeting house values could be sidetracked by President Bush's threatened veto and the opposition of many congressional Republicans.

Oil prices surpassed a record $126 per barrel Friday on the eve of the U.S. driving season as a weakening dollar drove investors to snap up commodities.

Shares of Nvidia Corp. rose Friday morning after the graphic chip maker posted a 34 percent jump in first-quarter profit that missed Wall Street's estimates, but led an analyst to boost his rating.

The U.S. trade deficit narrowed sharply in March as demand for imports fell by the largest amount since the last recession was ending.

Eight Western states Thursday rejected a company's plan to ship tons of radioactive Italian waste to Utah by declaring that rules don't allow for foreign loads.