Recession Fears Mount After U.S. Manufacturing Dips Under 50

0
54

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-...

Register Now

The Daily Chart Newsletter is available only to members of this site. Register now for FREE. No cost, no obligation, join today.

Already a member? Login below, or click here to register now for free.