Stocks Battered by Bad News

Investors Thursday will get updates on GDP and jobless claims, as well as a slew of earnings updates

Stocks finished sharply lower Wednesday as investors seized on a spate of negative headlines -- including a management shakeup amid accounting woes at marquee tech name Nortel Networks (NT ) and comments from China on its plans to pull back on growth. News of continued fighting in Fallujah, Iraq, also weighed on sentiment.

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