Stocks stage sharp decline

By The Associated Press

Posted 4:31PM on Wednesday 22nd October 2008 ( 15 years ago )

NEW YORK - Investors suffered through another stomach-churning late-day decline, following drops seen on global markets.

The Dow ended with a loss of 514 points or 5.7 percent to 8,519.

The S&P fell 58 points to 897.

And the Nasdaq composite lost about 81 points to 1,615.

Declining issues outnumbered advancers by a 5 to 1 margin

Volume on the NYSE came to 5.9 billion shares. Nasdaq stock market volume was 2.5 billion shares.

As the dollar strengthened, light, sweet crude for December delivery fell $5.43 to settle at $66.75 on the New York Mercantile Exchange.

http://accesswdun.com/article/2008/10/214509