Wall Street plunges; Dow down 46 points

Wall Street fell for the fourth time in five days. The main concerns was that the fed will fail to prevent a recession and crude climbed above 110 dollars a barrel. This weighed heavily on refinery, retail and bank stocks.

Energy stocks continued to lag even as crude prices hit a new high.

Retailers too fell. Radioshack, the third-largest US Electronics chain and Circuit City stores were the worst hit.

Caterpillar, the largest maker of bulldozers, led industrial shares higher after boosting its sales forecast.  Multinational companies like GE also advanced as it will benefit from the weak dollar.

The Dow Jones industrial average was down 46.57 points, or 0.38%, to 12,110.24. The Standard & Poor's 500 index plunged 11.88 points, or 0.90%, to 1,308.77, and the Nasdaq composite index declined 11.89 points, or 0.53%, to 2,243.87.

look at how the Indian ADRs performed: