Stock losses are accelerating.
At the moment, the Dow Jones is now down 330 points. The NASDAQ shed 88, as the S&P 500 falls 35 points. All as U.S. manufacturing woes scare the Street.
Just this morning, the ISM September survey on manufacturing registered at 47.8%, down from 49.1% from July. It’s also the 50.2% expected, and is now the worst reading we’ve seen since June 2009. Remember, any number under 50% does indicate contraction.
“The disappointing data is only fanning long-...
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