U.S. Stocks Slump At The Open; Dow Drops 175 Points

Selling of U.S. stocks resumed on Thursday, as fears that the market has farther to fall outweighed better-than-expected earnings and upbeat economic reports. Initial weekly jobless claims dropped to the lowest level in more than 14 years, while industrial production climbed 1% in September. The S&P 500 fell 22 points, or 1.1%, to 1,841.15. The Dow Jones Industrial Average fell 185 points, or 1.1%, to 15,952.06. The Nasdaq Composite dropped 70 points, or 1.6%, to 4,147.11.