Friday, November 14, 2008

Wall St extends slide on economic worry

U.S. stocks tumbled for a fourth straight day on Thursday as investors dumped technology and financial shares following disappointing outlooks from bellwethers including Intel Corp, that added to fears about the extent of the global economic slump.

The slide threatened to push the S&P 500 through its Oct. 10 closing low, its lowest level in more than 5 years.

The Dow Jones industrial average slid 90.01 points, or 1.09 percent, to 8,192.65. The Standard & Poor's 500 Index tumbled 9.04 points, or 1.06 percent, to 843.26. The Nasdaq Composite Index plunged 35.49 points, or 2.37 percent, to 1,463.72.

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