5:00PM EST: U.S. stocks fell for the first time in three days after JPMorgan Chase & Co. said it may post more credit losses, pushing the worldwide costs for the collapse of the subprime mortgage market to more than $500 billion.

The S&P500 Index slid 15.73 points, or 1.2 percent, to 1,289.59. The Dow Jones Industrial Average decreased 139.88, or 1.2 percent, to 11,642.47. The Nasdaq Composite Index slipped 9.34, or 0.4 percent, to 2,430.61.

(Bloomberg.com)