Business Update: Economic angst

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Wall Street had it worst day in over a week as record continuing unemployment claims and more layoff announcements underscored the depth of the economic recession. The Dow tumbled 226 points to 8,149. The S&P 500 lost 28 points, a decline of 3.3 percent, to 845. The Nasdaq shed 50 points, or 3.2 percent, to 1,507. Speaker: Brian Fabbri, chief economist - North America - BNP Paribas Conway Gittens reports from New York.

Tags: Wall Street, unemployment, economic recession

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