Sunday, October 4, 2009

Stocks fall on weak economic data

US stocks have fallen after weaker-than-expected manufacturing output data increased fears that the economic recovery will be both slow and uneven.
The figures came from the Institute for Supply Management's closely watched purchasing managers index, which fell slightly to 52.6 in September.
While any figure above 50 indicates growth, analysts had expected a reading of 54 after August's 52.9.
The Dow Jones index ended down 2%, its biggest day fall since 2 July.
It closed 203 points lower at 9,509.
The Nasdaq index also declined, falling 3% or 65 points to 2,057.

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