New York - US stocks slid on Tuesday as companies cut their earnings forecast as consumers cut spending to cope with the recession.
The blue-chip Dow Jones Industrial Average shed 242.85 points, or 2.7 per cent, to 8,691.33. The broader Standard and Poor's 500 Index lost 21.03 points, or 2.3 per cent, to 888.67, while the technology heavy Nasdaq Composite Index fell 24.40, or 1.6 per cent, to 1,547.34.