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
- The 11 worst fast food restaurants in America
- 7 things the world's happiest people do every day
- The rise of the global middle class is our best hope to stop climate change
- 7 grammar rules you really should pay attention to
- Why are so many parents being arrested?
- The biggest lesson Obama failed to learn from Bush
- 9 things you probably didn't know about the moon
- Israel has only two choices: Eliminate the Palestinians or make peace
- What I learned from totally unplugging and shutting up for three days
- Why America is duty bound to help Iraqi Christians
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