NEW YORK - Stocks slid Friday as investors, securing positions before the second half of the year begins, sold off due to rising oil prices and lingering worries about subprime mortgage lending troubles.
The erratic day capped off a strong second quarter for Wall Street, which pushed the Dow Jones industrial average up more than 1,000 points over the last three months.
The stock market initially rose Friday, encouraged by Commerce Department data that fit well with the Federal Reserve's assessment Thursday that the economy appears to be growing moderately and that inflation, while still a concern, seems to be easing.
Friday's reports said May construction …
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