While you were sleeping: Stocks, US dollar slide

While you were sleeping: Stocks, US dollar slide
By Margreet Dietz Oct. 16 (BusinessDesk) - Wall Street dropped after reports showed declines in US retail sales and producer prices, fuelling concern about the impact of the slowdown in the global economy and the effect on corporate profits. In afternoon trading in New York, the Dow Jones Industrial Average plunged 2.34 percent, the Standard & Poor’s 500 Index sank 2.58 percent, while the Nasdaq Composite Index slumped 2.20 percent. Slides in shares of Intel and those of JPMorgan, both down 5.7 percent, propelled the Dow’s decline in a...