Summary
U.S. stocks tumbled Wednesday, sending the Dow Jones Industrial Average into a bear market, after oil rose to a record and steelmakers and coal producers retreated on concern the economic slump will worsen.
The Standard & Poor's 500 Index slid to its lowest since July 2006, as crude climbed above $143 a barrel, dimming the outlook for corporate profits. General Motors Corp., the biggest U.S. automaker, plunged to a 54-year low on Merrill Lynch & Co.'s warning that "bankruptcy is not impossible."See the full content of this document
Extract
Dow Spirals Into a Bear Market
Nucor Corp. led the steepest decline in steel shares since 2002, as concern grew that the auto slump will cut demand and the government said metals or...
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