CORRECT: Stocks slide as auto bailout hopes fade

NEW YORK (MarketWatch) — U.S. stocks ended sharply lower Thursday, with the broad S&P 500 index ending at an 11-year low, after it appeared unlikely Congress would soon approve emergency loans for ailing automakers. The Dow Jones Industrial Average fell 444 points, or 5.6%, to end at 7,552, a five and a half year low. The S&P 500 index fell 54 points, or 6.7%, to 752, after breaking through its 2002 bear-market closing low of 776 to close at its lowest level in more than 11 years. The Nasdaq Composite lost 70 points, or 5%, to end at 1,316. (Correcting to reflect that the S&P 500 closed at a 11-year low).
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