Wall Street hammered on earnings

On Friday, October 19, U.S. stocks tumbled, as quarterly reports from industry heavy hitters proved that the global economy is slowing. The Dow Jones Industrial Average dropped 1.2%, to 13,388.86; the Standard & Poor 500 Index inched lower 1.3%, to 1,438.14, while Nasdaq 100 futures fell 1.9%, to stand at 3,014.05.