From Google: 2024-09-03 12:48:00

The Dow Jones Industrial Average dropped over 400 points and the Nasdaq fell 2.5% during midday trading following disappointing U.S. manufacturing data. This decline highlighted concerns about economic growth and the impact of supply chain disruptions. Investors were also monitoring the Federal Reserve’s plans to reduce its asset purchases amid rising inflation. The weak manufacturing report showed a slowing pace of expansion in the sector, with production and new orders slipping. Technology and growth stocks were hit particularly hard, causing the broader market to decline substantially. The uncertainty surrounding the economy and monetary policy contributed to the market turmoil.



Read more at Google: Dow falls over 400 points, Nasdaq tumbles 2.5% in midday trading after weak U.S. manufacturing data – MarketWatch