Wall Street hammered by bleak economy reports

WASHINGTON (AP) — A fresh wave of bad economic news, including a half-million Americans newly out of work and the weakest October retail sales in nearly 40 years, pummeled the stock market Thursday, driving the Dow Jones industrials under 9,000 again with a stunning two-day decline of 10 percent. The high market volatility that characterized the financial meltdown in September and October has returned, and the economic picture is growing notably bleaker, with the holiday shopping season looming in coming months.



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