Stocks ended sharply lower as investors worry that the economy is poised to weaken even as frozen credit markets slowly start to show signs of recovery.
Corporate profit forecasts, a jump in the dollar and falling oil prices Wednesday indicate investors are worried that an economic slowdown will sweep the globe.
The major indexes each lost more than 4 percent, including the Dow Jones industrials, which is ending trading down 514 points to 8,519 after being down as much as 698 points in the final half hour of trading.
The S&P fell 58 points to 897, and the Nasdaq composite lost about 81 points to 1,615.
(Copyright 2008 by The Associated Press. All Rights Reserved.)