Wall Street posted a modest loss, with seven of the ten sectors ending the day in negative territory. More bad news in the financial sector and a report showing the Federal Reserve is more worried about a recession than it has previously been some of the key triggers.

Washington Mutual led financials to their biggest drop this month. The bank said it will receive a $ 7 billion capital injection from private equity firm TPG, sharply diluting its stock. It also slashed its dividend and said it expects a large quarterly loss. Banking & mortgage stocks were the biggest losers.

The market extended its decline after minutes from the latest Fed policy meeting showed some of the central bankers saw the possibility of a 'prolonged and severe economic downturn.'

The Dow slipped 35.99 points, or 0.29%, to 12,576.44. The Standard & Poor's 500 index dropped 7 points, or 0.51%, to 1,365.54, and the Nasdaq composite index declined 16.07 points, or 0.68%, to 2,348.76.

A look at how the Indian ADRs performed:

Name Infosys Sify Rediff.com India Satyam Wipro ICICI Bank HDFC Bank MTNL Tata Comm Dr Reddy's Lab Tata Motors Patni Computer Sterlite Ind

Symbol INFY SIFY REDF SAY WIT IBN HDB MTE TCL RDY TTM PTI SLT

Price 36.60 4.71 8.82 23.49 11.84 40.46 100.00 5.08 25.48 14.97 15.68 12.42 19.55

Change -0.36 -0.02 -0.11 -0.35 -0.05 -1.11 -1.10 -0.10 -1.97 -0.23 -0.31 -0.02 -0.34

Change% -0.97% -0.42% -1.23% -1.47% -0.42% -2.67% -1.09% -1.93% -7.18% -1.51% -1.94% -0.15% -1.71%

Volume 1,914,519 35,575 29,719 817,409 463,200 1,942,522 378,863 82,090 233,960 133,525 747,551 95,800 676,450

High 36.96 4.78 8.97 24.03 11.88 41.05 100.73 5.20 25.74 15.11 15.98 12.82 19.99

Low 36.38 4.68 8.56 23.24 11.55 40.35 98.75 5.07 24.14 14.84 15.57 12.34 19.25