The Dow Jones industrial average ended the day with a steep loss, down 192.43, or 1.9 percent, at 9,840.84. The last time the Dow closed lower was April 6 when it stood at 9,791.09. That left many department stores and apparel chains out in the cold. The bleak outlook sent the company's stock plunging 15 percent. The cell phone and semiconductor giant has slashed 22 percent of its work force since December.
Officials hold out the possibility of more layoffs, characterizing cost-reduction moves as ongoing.
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