Stocks sent sliding on rash of bad news about oil

U.S. stocks fell sharply as record oil prices and disappointing sales forecasts from Microsoft Corp. spurred losses in technology shares. The Dow Jones industrial average dropped to its lowest close this year.

Worries about corporate earnings combined with oil topping $55 a barrel to double down on the Dow and Nasdaq.

The Dow lost 107.95, or 1.1 percent, to 9,757.81, its lowest close since Nov. 24. Twenty-eight of the index’s 30 stocks fell. The tech-laden Nasdaq Composite Index slid 38.48, or 2 percent, to 1,915.14, its biggest drop since Aug. 6.

http://www.indystar.com/articles/6/188730-4316-223.html