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Economy and bank worries send stocks lower


    NEW YORK (Reuters) - Stocks slid on Thursday as investors grew increasingly worried that government efforts may be insufficient to revive a recession-hit economy and stabilize the beleaguered financial system.

    * Shares of major banks, including Bank of America and Citigroup , widened their sell-off as investors' mood darkened.

    * The Dow Jones industrial average slid 223.65 points, or 2.82 percent, to 7,715.88. The Standard & Poor's 500 Index fell 23.36 points, or 2.80 percent, to 810.38. The Nasdaq Composite Index lost 30.02 points, or 1.96 percent, to 1,500.48.

    * The slide took the benchmark S&P 500 index down 12 percent since the start of 2009.

    (Reporting by Deepa Seetharaman; Editing by Jonathan Oatis)