NEW YORK — Gripped by fear of another recession, the stock market suffered its worst day Thursday since the financial crisis in the fall of 2008. The Dow Jones industrial average fell more than 500 points, its ninth-steepest decline. The sell-off wiped out the Dow’s gains for 2011. It put the Dow and broader stock indexes into what investors call a correction — down 10 percent from their highs in the spring.

Recommended Stories

Big slump is no cause to ditch stock market

Stronger dollar, weak economic data pummels stocks

U.S. stocks slip, but hold close to an all-time high