Stocks Slide on Stock Sliding Worries
Crestfallen investors sent stocks tumbling Thursday, pushing the Dow Jones Industrials down over 340 points after shareholders and depositors continued the sell-off that began late last year, devastating hopes for a late-year recovery. The market was already nervous as it waited for the government to release its August fall fashions report on Friday. So news from the nation's financial centers that shareholders curtailed their buying last month due to a lower stock prices came as a heavy blow.