The New York Times
Wednesday, January 7, 2009 -- 4:08 PM ET
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Stocks Slide on Earnings Gloom; Crude Oil Down 12%
Bleak outlooks from Time Warner, Intel and Alcoa along with
more concerns about rising unemployment pushed shares sharply
lower Wednesday. The Standard & Poor's 500-stock index and
the Nasdaq were both down about 3 percent. The Dow Jones
industrial average lost about 2.7 percent. As stocks tumbled,
crude oil prices fell to $42.63 a barrel, down $5.95.
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