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Traders work on the floor of the New York Stock Exchange, October 15, 2008. U.S. stocks slid at the open on Wednesday as investors worried that efforts to ease the credit crisis would not avert a recession, overshadowing solid profits from Coca-Cola Co , a bellwether for consumer spending.     REUTERS/Brendan McDermid (UNITED STATES)AP - Investors agonizing over a faltering economy sent the stock market plunging all over again Wednesday after two disheartening reports convinced Wall Street that a recession, if not already here, is inevitable. The market's despair — fed by a stream of disheartening economic data — propelled the Dow Jones industrials down 733 points to their second-largest point loss ever, and the major indexes all lost at least 7 percent.


A trader works on the floor of the New York Stock Exchange, October 15, 2008. (Brendan McDermid/Reuters)Reuters - Wall Street had its worst day since the 1987 stock market crash on Wednesday, as bleak economic data fed worries that all the efforts to unlock credit markets may not stave off a severe recession.


One side effect of the ongoing financial crisis has been a steep fall in the price of oil. But that drop has not translated into lower petrol prices.(AFPTV)AP - Oil prices closed below $75 a barrel for the first time in nearly 14 months Wednesday after OPEC, fearing that a severe global economic slowdown is unavoidable, slashed its 2009 petroleum demand forecast.


In this Dec. 23, 1973 file photo, cars line up in two directions at a gas station in New York City.  The downturn that is probably already under way in 2008 is powered by the collapse in the housing market and sharp restrictions on credit that are now putting severe pressure on consumer spending and on businesses.  That is a very different environment from 1973, when an oil crisis was the culprit, squeezing U.S. businesses and consumers who were forced to line up at gas stations for hours. (AP Photo/Marty Lederhandler, file)AP - The U.S. has not endured a deep and prolonged recession in more than a quarter century — enough time for many Americans to forget what one feels like.


Republican presidential candidate, Sen. John McCain, R-Ariz., greets supporters outside the Hilton New York before boarding their motorcade in New York, Wednesday, Oct. 15, 2008. McCain and Democratic presidential rival Barack Obama will debate for the third and last time Wednesday night during a 90-minute nationally televised forum focusing on the economy and domestic policy. (AP Photo/Carolyn Kaster)AP - John McCain sought to change the course of a campaign moving decidedly in Barack Obama's direction Wednesday night in the third and final presidential debate.