Wall Street slips on economic concerns; Dow down 443 pts

US markets logged their biggest two-day point decline on record on economic concerns and poor earnings. Weekly jobless claims continue reflecting weak labor market and retailers reported weak monthly same-store sales data. The shrinking economy

crushed earnings at companies from Blackstone to News Corp.

Crude prices were around $ 60/bbl while gold prices tumbled. Bonds gain. Dollar was mixed against other major currencies. Monthly jobs report for October is due today. It is expected to show an up tick in unemployment up to 6.3%. Prospect of a very grim payrolls number today fueled the sell off further.

The Dow plunged 443.48 points, or 4.85%, to 8,695.79. The S&P 500 index lost 47.89 points, or 5.03%, to 904.88, and the Nasdaq composite index declined 72.94 points, or 4.34%, to 1,608.70.

A look at how the Indian ADRs performed:

Name Infosys Sify Rediff.com India Satyam Wipro ICICI Bank HDFC Bank MTNL Tata Comm Dr Reddy's Lab Tata Motors Patni Computer Sterlite Ind

Symbol INFY SIFY REDF SAY WIT IBN HDB MTE TCL RDY TTM PTI SLT

Price 24.72 1.32 2.56 13.81 7.37 16.68 62.9 2.97 19.71 8.30 4.50 5.35 4.71

Change -2.89 -0.11 -0.04 -1.07 -0.69 -0.46 -3.18 -0.06 0.03 -0.09 -0.18 -0.35 -0.87

Change% -10.47% -7.69% -1.54% -7.19% -8.56% -2.68% -4.81% -1.98% 0.15% -1.07% -3.85% -6.14% -15.59%

Volume 3,602,033 76,770 64,192 1,305,292 607,950 4,642,538 718,538 134,014 362,218 174,163 865,452 214,785 4,525,821

High 24.43 1.32 2.50 13.4 7.30 16.06 62.36 2.93 19.05 8.16 4.20 5.27 4.35

Low 27.13 1.43 2.66 14.52 7.99 17.39 67.09 3.14 20.87 8.74 4.50 5.69 5.17