Market Wrap

A one-two, bad-news punch from corporate earnings and Asia's economic misery clobbered stocks. The Dow lost 160.43 points to finish at 8811.27, a 1.79 percent loss. The Nasdaq closed down 23.50 points to 1749.75, a 1.33 percent loss. Amazon.com jumped 15 percent after the ecommerce bookseller began selling music.

A one-two, bad-news punch from corporate earnings and Asia's economic misery clobbered stocks. The Dow lost 160.43 points to finish at 8811.27, a 1.79 percent loss. The Nasdaq closed down 23.50 points to 1749.75, a 1.33 percent loss. Amazon.com jumped 15 percent after the ecommerce bookseller began selling music.