Wall St slides on bleak economic news
08-01-2009
US stocks fell hard overnight after a series of grim warnings from key companies and a survey showing widening job losses prompted investors to retrench. The Dow Jones Industrial Average slid 244 points, or 2.71 percent, to 8,770, ending a string of four winning sessions in the previous five. The tech-heavy Nasdaq composite slumped 53 points, or 3.23 percent, to 1,599 and the Standard & Poor's 500 broad-market index shed 28 points, or 3.00 percent, to close at 906.
