RTRS: US STOCKS-Wall St extends losses on economic gloom
NEW YORK, Nov 6 (Reuters) - U.S. stocks extended their sell-off on Thursday as concerns of a worsening economic downturn were fueled by a disappointing revenue outlook from Cisco Systems (CSCO.O: Quote, Profile, Research, Stock Buzz) and bleak sales from some major U.S. retailers.
Energy shares also weighed on markets as the price of oil skidded $5 to $60.30 a barrel.
The Dow Jones industrial average .DJI tumbled 260.69 points, or 2.85 percent, to 8,878.58. The Standard & Poor's 500 Index .SPX lost 29.46 points, or 3.09 percent, to 923.31. The Nasdaq Composite Index .IXIC gave up 43.95 points, or 2.61 percent, at 1,637.69. (Reporting by Leah Schnurr; Editing by Jan Paschal)
