US stocks slipped on Wednesday on fears of further slowdown in earnings on the backdrop of crude oil hitting a record $112-mark. The Dow Jones industrial average slipped 50 points to 12,527. The Nasdaq shed 27 points at 2,322.Indian ADRs, too, ended on a weak note. Satyam, Wipro, Tata Communications and Dr.Reddy's dropped 3-4% each to $22.46, $11.38, $24.63 and $14.52, respectively. Infosys, Genpact and Tata Motors were the other major losers. ICICI Bank, however, gained 1.6% at $100.18.
