It's Still The Economy, Stupid

[jillian]

Dow loss accelerates
Blue-chip indicator down more than 600 points as weak earnings, slumping oil and gold prices add to recession fears.

Last Updated: October 22, 2008: 3:42 PM ET

NEW YORK (CNNMoney.com) -- Stocks tumbled Wednesday afternoon as weak corporate results and forecasts - and slumping commodity prices - amplified fears of a broad recession.

Global markets slid, with Asian and European stocks ending lower. Treasury prices rose, lowering the corresponding yields. The dollar was mixed versus other major currencies. Oil, gas and gold prices fell.

CNNMoney.com Market Report - Oct. 22, 2008