Despite attempts to staunch the blood flow, the Dow Jones Industrial Average (DJIA) and all other stock market indices continue to bleed heavily, as the market closed down another 500 points on Tuesday.

The Dow Jones Industrial Average, a stock market index used to gauge the performance of American stock exchanges, fell 344.65 at the close of trading Thursday. A string of dismal economic news has all but dashed investors' hopes for a late-year recovery. The Dow Jones industrials plunged nearly 350 points.

Dow plummets 350 points as oil surges to record $139.01 a barrel and dollar sinks.

The Dow and Nasdaq were near their highs for the day at midsession after a market-friendly report on economic growth and a big drop in oil prices. Crude oil spiked after a report of a big drawdown in inventories in the latest week. However, the Energy Department said the drop was caused by "temporary delays" in unloading tankers. Crude oil then tumbled over $3 a barrel in New York.

The stock markets in United States fell more than two percent on recession worries. They extended earlier losses as some economic analysts say the United States may already be in recession. All three major U.S. stock indexes ended down more than 2 percent after a record quarterly loss at Citigroup. Intel stock plunges about 13% as investors react to the company's earnings and guidance.

Market commentators say that the fear is a major factor today ahead of U.S. Stock Markets open. Although IBM reported better than expected results, A.G. Edwards Chief Market Strategist Al Goldman says "the stock market will experience some short-lived bounces," but he think the rebound is several months off.

U.S. markets closed mixed on Thursday from continued concerns over the uncertain credit markets and a weakening economy. A slew of poor news from the financial sector set the sour tone for Thursday.

On Tuesday, the Federal Reserve's decision to cut interest rates only 25 basis points rocked the U.S. markets.

The stock markets in USA are looking to make modest gains and to the possible Federal reserve interest rate cut. Fed's rate cut action may overshadow the subprime losses and give the markets a lift.

The week ended quietly on Wall Street, says A. G. Edwards market commentator Alfred E. Goldman, corporate vice president and chief market strategist at A.G. Edwards & Sons, Inc.

Motorola, Inc. (NYSE: MOT) has been named to the Dow Jones Sustainability World Index (DJSI World) and the Dow Jones Sustainability North America Index (DJSI North America), recognizing the company’s economic, environmental and social performance.

For the third consecutive year the BMW Group is industry leader in the Dow Jones Sustainability Indexes.