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US STOCKS-Wall St losses deepen on economic worry

2008-10-23 17:18:54 GMT (Reuters)
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(Updates with Nasdaq falling 3 percent)

NEW YORK, Oct 23 (Reuters) - U.S. stocks extended losses on Thursday, sending the Nasdaq briefly down more than 3 percent, as investors fretted about signs pointing to a faltering economy and dimming outlook for corporate profits.

Trading was volatile, with indexes gyrating between losses and gains.

The Dow Jones industrial average <.DJI> was down 48.98 points, or 0.57 percent, at 8,470.23. The Standard & Poor's 500 Index <.SPX> was down 12.71 points, or 1.42 percent, at 884.07. The Nasdaq Composite Index <.IXIC> was down 42.78 points, or 2.65 percent, at 1,572.97. (Reporting by Ellis Mnyandu; Editing by Kenneth Barry)

 
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