Stocks skidded yesterday to lows unseen since mid-April as the market extended to a second consecutive day a jarring revaluation of shares in light of chronically weak corporate profits and revenues.

The Dow Jones industrial average fell 183.30 points to end at 10,241.12, according to the latest data, while the Nasdaq composite index slid 29.34 points to 1,959.22. The benchmark Standard & Poor's 500 index dropped 19.38 points to 1,171.65.

For the S&P 500, it was the lowest close since April 11th, and the lowest finish for the Nasdaq since April 17th. Year-to-date, the Dow is down 5.1 per cent, the Nasdaq is off 22.1 per cent, and the S&P 500 is 11.3 per cent lower.