Dow Nosedives 1,033 Points as Stocks' Losses Deepen:
Stocks sank again Thursday, extending a streak of losses that has yanked the market away from record highs. The Dow Jones industrial average slumped 1,033 points. The tumult started last Friday as investors worried about signs of rising inflation.
The losses were broad. Four stocks fell for every one that rose on the New York Stock Exchange, and 10 out of the 11 industry sectors in the S&P 500 index were down.