IPFS News Link • Economy - Economics USA
Wall Street tumbles on economy, bank worries
• ReutersStocks tumbled more than 4 percent on Thursday after data pointed to a stalled economy and as bank shares sank on a report regulators were scrutinizing the U.S. units of big European lenders.
The decline was broad as well as steep, with just a small handful of the S&P 500's components in positive territory.