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US stocks plunge over 2 percent on glum data

NEW YORK : US stocks plummeted Wednesday, with Dow blue chip index losing 2.2 percent, after data showed fresh weak
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By Abdul Ahad
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NEW YORK: US stocks plummeted Wednesday, with Dow blue chip index losing 2.2 percent, after data showed fresh weakness in the jobs and manufacturing sectors.

After a four-session winning streak, the Dow Jones Industrial Average was down 279.12 points (2.22 percent) to 12,290.67 in closing trade.

The broader S&P 500 index fell 30.66 points (2.28 percent) to 1,314.54, while the tech-heavy Nasdaq Composite shed 66.11 points (2.33 percent) to 2,769.16.

 

Copyright AFP (Agence France-Presse), 2011

 

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