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Updated from 4:10 p.m. EDT
Stocks in New York were pummeled Friday as the outlooks from the industrial sector disappointed investors and added to worries about the U.S. economy.
The Dow Jones Industrial Average sank 366.94 points, or 2.64%, to 13,522.02. The S&P 500 was off 39.45 points, or 2.56%, at 1500.63, and the Nasdaq Composite plunged 74.15 points, or 2.65%, to 2725.16.
"This is a bad way to close a Friday afternoon," said Paul Mendelsohn, chief investment strategist with Windham Financial. "Now there are serious questions about earnings going forward." ...
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