Stocks take a turn for the worse on Wall Street.  The Dow dropped back below the 11,000 benchmark, closing down 420 points at 10,990.  The NASDAQ also fell 131, and the S&P was off 53, all on poor economic outlooks in the U.S. and Europe.

FOX News Radio's Jeff Monosso reports from New York on where the drops hit deepest and one shining bit of optimism for certain investors...

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The Philly Fed Index plunged to nearly minus 31 this month... the lowest since March 2009.