Global Economic Worries Weigh Down U.S. Stocks
The major indexes opened lower as world markets extended their losses amid a global financial credit crunch. Japan's Nikkei fell to a 26-year low. The Dow lost 169 points to 8209 while Nasdaq dropped 29 points to 1522.

On the upside

Verizon Communications (NYSE: VZ) posted higher 3rd quarter earnings as a gain of 1.5 million wireless subscribers beat expectations.


Embarq Corp (NYSE: EQ) received a $5.8 billion all-stock offer from rural telephone company CenturyTel (NYSE: CTL).

Sohu.com (Nasdaq: SOHU) posted higher 3rd quarter earnings that beat expectations, raised its outlook and authorized a $150 million stock buyback program.


On the downside

Humana (NYSE: HUM) posted lower 3rd quarter profits as Medicare prescription payments fell and its investment portfolio took some losses.

Arch Coal (NYSE: ACI) reported sharply higher revenues and earnings due to strong demand, but investors worried about the coal producer's outlook.

Shares of medical device maker Thoratec (Nasdaq: THOR) tumbled after the company recalled its small mechanical heart pump that was blamed for the deaths of five patients.

In the broad market, declining issues outpaced advancers by a margin of more than 3 to 1 on the NYSE and by nearly 4 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks dropped 8 points to 462.

Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here