Stocks fell sharply Thursday after worse-than-expected readings on the manufacturing and labor fronts overshadowed better news on housing and consumer spending.
The blue-chip Dow Jones Industrial Average ($INDU) fell 203 points, or 2.1 percent, to close at 9,509, while the broader S&P 500 ($INX) shed 27 points, or 2.6 percent, to 1,030. The tech-heavy Nasdaq Composite ($COMPX) tumbled 65 points, or 3.1 percent, to finish at 2,057.
All 30 stocks in the Dow ended the session lower, with financials posting the biggest declines. Bank of America (BAC) and American Express (AXP) each fell more than 4 percent, while JPMorgan Chase (JPM) dropped more than 5 percent.
For more on stocks making news today, be sure to check out BloggingStocks' market wrap.
Dow tumbles 200 points on jobs, manufacturing data
Posted 4:45 PM 10/01/09Dan Burrows
View all Articles »Markets and Investing Writer
Dan Burrows is a markets and investing writer for DailyFinance. He spent five years at Dow Jones. Most recently he covered investing, markets, tech stocks and the economy at SmartMoney.com. Prior to that he was a reporter at MarketWatch.com. He also covered retail and manufacturing at Women's Wear Daily for three years. In his career, he's had writing stints at Time Inc.'s FYI and Spy magazines, and has freelanced for Esquire and Maxim, among other publications.
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