Stocks fall on fresh worries about economy

Updated at: 0125 PST, Friday, January 30, 2009 NEW YORK: Caution returned to Wall Street Thursday as weak earnings reports and record unemployment claims offered the latest evidence of the economy's struggles.Stocks fell sharply after soaring Wednesday on hopes the government will develop a way to remove bad debt from banks' books. All the major indexes lost more than 1 percent Thursday. Some pullback was to be expected after the Standard & Poor's 500 index put up its first four-day advance since November.Investors' mood darkened after companies from Eastman Kodak Co. to chip maker Qualcomm Inc. reported that profits tumbled the final three months of 2008.