NEW YORK -- Stocks fell sharply Friday after a series of depressing economic and corporate reports as well as high oil prices stoked concerns about the health of the economy. The major stock indexes fell more than 2.5 percent and the Dow Jones industrials lost 315 points.

NEW YORK -- Stocks fell sharply Friday after a series of depressing economic and corporate reports as well as high oil prices stoked concerns about the health of the economy. The major stock indexes fell more than 2.5 percent and the Dow Jones industrials lost 315 points.

Major stock indexes are down more than 10% from their '07 highs. Some say the scene is set for a bigger drop. The stock market's gloomy start to the new year worsened Tuesday as share prices plunged on more worries about the financial system and the economy.