Wall St. ends on low note

Jan. 11 - U.S. stocks slumped on Friday after warnings from credit card companies added to the barrage of signals suggesting a U.S. economic recession. The Dow dropped 246 points to 12,606. The S&P 500 lost 19 points to 1,401. The Nasdaq fell 48 points to 2,439. Gold hit $900 an ounce.

Conway Gittens reports from New York. REUTERS VIDEO