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Updated from 4:11 p.m. EST
Stocks were hammered late Tuesday as troublesome comments from telecom giant AT&T (T Quote) compounded early weakness brought on by worries in the financial sector and disappointing housing data.
The Dow Jones Industrial Average see-sawed for most of the session, but plunged in the final hour on news of negative remarks from AT&T's CEO at an investor conference. The index sank 238.42 points, or 1.86%, to 12,589.07.
The S&P 500 dropped 25.99 points, or 1.84%, to 1390.19. The Nasdaq Composite plummeted 58.95 points, or 2.36%, to 2440.51, giving the tech-heavy index its eighth straight losing session. ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
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