US stocks fall further, Dow down 5 pct

Updated at: 0131 PST, Thursday, October 23, 2008
NEW YORK: US stocks dived Wednesday on growing global recession fears and skidding oil prices, with the Dow industrials plunging 5.17 percent and the Nasdaq composite off 4.64 percent in a late selloff.

The Dow Jones Industrial Average dropped 457.26 points to 8,576.40 around 1920 GMT and the tech-heavy Nasdaq composite slid 81.70 points to 1,314.98.

The broad Standard & Poor's 500 index tumbled 55.06 points (5.77 percent) to 899.99.