Stocks Drop on Consumer Spending Worries

Selling accelerated into the close again amid a negative consumer spending outlook and other signs of economic weakness

Major U.S. stock indexes ended lower again on Thursday, confirming a growing skittishness among investors worried about a possible recession and the after-shocks of the housing slowdown and subprime crisis. Financial stocks came under pressure again, while concerns about a drop-off in consumer spending revived after some gloomy sales and profit outlooks by retailers.

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