Stocks slid steeply on a string of bad news from American companies that indicated tough economic times ahead. The Dow Jones Industrial Average fell 243.36 points, or 1.8 percent, to close at 13,102.53, its worst loss since June. Investors were spooked by disappointing earnings reports from corporate bellwethers like DuPont, 3M, UPS, and Xerox, which indicated that slowing economic growth in China and ongoing turmoil in Europe could be taking a toll on American companies.
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- 13 Urban Outfitters controversies
- This is how the U.S. thinks China could invade Taiwan
- 43 TV shows to watch in 2014
- 6 things the happiest families all have in common
- The science of sex: 4 harsh truths about dating and mating
- Obama knows he can't really 'defeat' ISIS. Americans need to wake up to that reality, too.
- Why you should stop believing in evolution
- Can we lead spiritually fulfilling lives without religion?
- Surviving a plane crash
- Confessions of a hotel insider
Subscribe to the Week