Stocks sold off aggressively following Wednesday's rally, retracing all of the previous day's gains as consumer confidence hit a 14-year low.

The Dow ended the day down 236.77. The Nasdaq Composite closed lower by 59.55. And the S&P 500 lost 29.01.

Here are 7 Stocks You Need to Know for Thursday

Northwest Airlines announced on Wednesday that they would eliminate up to 2,500 jobs and begin charging passengers for all checked luggage. The stock was down by more than 15%.

Analysts at UBS and Merrill Lynch suspect that the slowing economy is likely to impact the earnings of technology companies such as Cisco and Intel respectively. Both stocks closed lower by more than 5% on Wednesday. The Short Term PowerRatings for CSCO and INTC are both 6.

Boeing will get another shot at the $35 billion tanker deal with the Air Force, according to the Department of Defense. Boeing closed down slightly, but off its intraday highs. The Short Term PowerRating for BA is 4.

Texas Industries reports earnings Thursday morning before the bell, with analysts expecting EPS of $0.82. The stock was down more than 4% on Wednesday. The Short Term PowerRating for TXI is 5.

Fannie Mae was forced by to pay record yield spreads by buyers of its 2-year notes who were concerned about the mortgage giant's capacity to survive the crisis in housing market. Fannie Mae closed lower by more than 13%. The Short Term PowerRating for FNM is 8.

U.S. Steel led steel stocks higher on Wednesday. Steel stocks as a group moved higher after a UBS analyst said the sector was "undervalued". U.S. Steel closed up by more than 5%, but significantly off its intraday highs. The Short Term PowerRating for X is 8.

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