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Blue chips hit 1-year low on recession fears

Reuters, Thursday 22 Sep 2011

U.S. stocks slid further on late Thursday trading, with the Dow industrials falling to their lowest level in more than a year as an unsettling outlook from the Federal Reserve stoked fears of a U.S. recession.

The Dow Jones industrial average lost 482.17 points, or 4.33 percent, to 10,642.67. The Standard & Poor's 500 Index dropped 48.40 points, or 4.15 percent, to 1,118.36. The Nasdaq Composite Index fell 107.48 points, or 4.23 percent, to 2,430.71.

The Dow briefly dipped below 10,600 to its lowest level since September 17, 2010.

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