Wall Street skidded lower yesterday as investors grappled with concerns about the strength of consumer spending and the overall economy after downbeat comments from J.C. Penney Co. and Wells Fargo & Co.

Wall Street is concerned about rising gas prices. Although oil has come off the highs seen last week, prices remain elevated and could crimp consumer spending as the all-important holiday shopping season approaches.

The Dow Jones industrial average fell 120.96 points, or 0.91%, to 13,110.05. The Standard & Poor's 500 index fell 19.43 points, or 1.32%, to 1,451.15. The Nasdaq composite index fell 25.81 points, or 0.98%, to 2,618.51.

A look at how the Indian ADRs performed: