updated 5:51 pm EST

Wall Street Slides as Retail Sales Sink

Stocks fell more than 500 points on Wednesday after optimism earlier this week. Analysts have warned that the market will see continued volatility as it tries to recover from the devastating losses of the last month.

Retail sales plunge 1.2 percent in September

INDUSTRIES

JPMorgan profit sinks as credit deteriorates

JPMorgan Chase & Co.'s profit tumbled 84 percent on bad mortgage investments, leveraged loans and home loans.(3:41 PM EST)

Wells Fargo 3Q profit falls 25 percent

INDUSTRIES

Wholesale prices drop for second straight month

Wholesale prices fell but excluding volatile energy and food costs, core prices had the biggest yearly gain in 17years.(Oct 15)

August inventories up less than expected

INDUSTRIES

Delta swings to 3Q loss

Hefty fuel costs were the culprit as the airline missed expectations despite a 9 percent rise in sales.(3:17 PM EST)

INDUSTRIES

Oil dips below $75 as OPEC cuts demand forecast

Oil prices slid on concerns that a massive bank bailout by the U.S. and Europe won't prevent a severe slowdown.(4:40 PM EST)

POLITICS & POLICY

Britain, France call for a global finance summit

British Prime Minister Gordon Brown called for talks this year amongst the world's top economies.(1:09 PM EST)

IBT Features

'New Europe' struggles to ride out financial storm

AP File Photo

Dow plunges 733 on new disheartening economic data

The economy was in deep pain even as the government pushed forward Wednesday with its latest financial rescue plan to exchange taxpayer money for stakes in the nation's banks. On Wall Street, the Dow shed more than 500 points on worries the U.S. was in a recession or soon would be, despite the plan announced Tuesday. Full Story