BUSINESS
03/20/2009 05:12 am ET Updated May 25, 2011

Stock Market Slide Hits Three-Month Low, Near November Level

NEW YORK (Reuters) - Stocks slid on Tuesday, sending Wall Street near bear-market lows as grim regional manufacturing data signaled the recession is worsening, while signs of more trouble in the banking sector sank financials.

Financial shares led the way down on fears of more trouble for European banks after Moody's Investors Service said various eastern Europe banks faced downgrades and that recession in emerging Europe will be more severe than elsewhere due to large imbalances.

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