Wall Street joined a global sell-off after results from a major U.S. financial company added to worries big losses in the industry could worsen the recession.
Blue chips dropped 4 percent, a 332-point decline, to 7,949.
The S&P 500 tumbled roughly 5.3 percent, or 44 points, to 805.
The Nasdaq gave up 5.8 percent, a loss of 88 points, to 1,440.
Conway Gittens reports from New York.SOUNDDBITE: Alan Valdes, director of floor operations-NYSE, Hilliard Lyons
