Sharp fall in US manufacturing index hurts investors' sentiments

Devdiscourse News Desk | United States

Updated: 03-01-2019 21:33 IST | Created: 03-01-2019 21:10 IST

Dow Jones Industrial Average fell more than 600 points on Thursday.

The Dow Jones Industrial Average fell more than 600 points on Thursday as the biggest drop in more than a decade in the ISM U.S. manufacturing index added to nerves over slowing global growth sparked by a revenue warning from Apple.

At 10:38 a.m. EDT the Dow Jones Industrial Average was down 631.40 points, or 2.70 per cent, at 22,714.84, the S&P 500 was down 57.58 points, or 2.29 per cent, at 2,452.45 and the Nasdaq Composite was down 178.66 points, or 2.68 per cent, at 6,487.28.

(With inputs from agencies.)

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