October 10, 2008 / 10:20 AM / in 9 years

Wall St. slides on global rout, bank woes

NEW YORK (Reuters) - Stocks slumped at the open on Friday, with the benchmark S&P 500 falling below the 900 mark, as fears that tighter credit may send the global economy into recession slashed the appetite for risk.

<p>A trader works on the floor of the New York Stock Exchange, October 7, 2008. REUTERS/Brendan McDermid</p>

The Dow Jones industrial average .DJI slid 401.27 points, or 4.68 percent, to 8,177.92. The Standard & Poor's 500 Index .SPX was down 6.43 percent, or 58.48 points, at 851.44. The Nasdaq Composite Index .IXIC was down 69.09 points, or 4.20 percent, at 1,576.03.

Editing by James Dalgleish

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