Los Angeles Times | October 15, 2008 | 11:04 a.m. PDT --- Stocks dive as retail sales show steep drop The sell-off on Wall Street worsened today as the Dow Jones industrials dropped more than 500 points after four hours of trading. Share prices tumbled after grim retail-sales data -- a 1.2% drop -- stoked concern that a punishing recession may be looming. Stocks continued to fall even as Fed Chairman Ben Bernanke hinted at further interest rate cuts. More soon at: http://link.latimes.com/r/OZHORT/2CBZF/KNSIOV/S8H0/BCW5R/MQ/t
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