NEW YORK (KRT) – U.S. stocks sank to new lows for the year Thursday as eBay’s fourth-quarter earnings shortfall and disappointing outlook raised concern about a slowdown in corporate profit growth in an environment of rising interest rates.

The Dow Jones Industrial Average fell to a six-week low, sliding 68.50 points, or 0.7 percent, to 10471.47.

Weighing on the benchmark index were losses for JP Morgan Chase & Co (JPM), United Technologies, Caterpillar, General Motors and Alcoa Inc.

Also, Citigroup eased 0.6 percent as the bank’s forecast-beating earnings were not enough to keep its share price from pulling back in line with the broader market.