Stocks tumble on worries about earnings forecasts - WKOW 27: Madison, WI Breaking News, Weather and Sports

Stocks tumble on worries about earnings forecasts

NEW YORK (AP) -- Stocks are weakening as investors worry that the economy is poised to weaken even as frozen credit markets slowly start to show signs of recovery.

  Corporate profit forecasts, a jump in the dollar and falling oil prices Wednesday indicate investors are worried that an economic slowdown will sweep the globe.

  The major indexes each lost more than 5 percent, including the Dow Jones industrials which is down 560 at the 8,473 level after falling as much as 698 points.

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