US STOCKS-Deepening economic slump pummels Wall St

Newswire

* Economic deterioration stalls four-day rally * Jobless claims rise, new home sales plunge * Dow off 2.2 pct; S&P 500 and Nasdaq each down 2.6 pct * For up-to-the-minute market news, click [STXNEWS/US] (Updates to mid-afternoon, changes byline) By Ellis Mnyandu NEW YORK, Jan 29 (Reuters) - U.S. stocks tumbled on Thursday, derailing a four-day run-up in the S&P 500 and the Nasdaq, as investors worried that the recession was deepening after a fresh wave of bleak labor market ...

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