Stocks rocked by recession fears

Feb. 29 - U.S. stocks lost significant ground for the second day in a row after a round of disappointing economic and corporate results shocked investors. The Dow dropped 315 points to 12,266. The S&P 500 lost 37 points to 1,330. The Nasdaq fell 60 points to 2,271, a level associated with a bear market. Crude oil fell after hitting a $103.05 record.

Conway Gittens reports from New York.Reuters Video