Stocks open lower on fresh worries about economy (AP)

Stocks fell sharply after soaring Wednesday on hopes the government will develop a way to remove bad debt from banks' books.

Manufacturer of oil tanks manufacturer India.

Some pullback was to be expected after the Standard & Poor's 500 index put up its first four-day advance since November. But investors' mood darkened after coffee chain Starbucks Corp . and chip maker Qualcomm Inc . both reported their profits tumbled the final three months of 2008. unemployment insurance for the week ending Jan. 17 was a seasonally adjusted 4.78 million, the highest on records that go to 1967. As a proportion of the work force, the total is the highest since August 1983.

Full Story: Stocks open lower on fresh worries about economy (AP)