Partly cloudy

Winnipeg, MB

9°c Partly cloudy

Full Forecast

Business

The Canadian Press - ONLINE EDITION

US stocks down sharply at midday after reports of sluggish growth in the US economy

Posted: 02/3/2014 10:48 AM | Comments: 0

Advertisement

  • Print

NEW YORK, N.Y. - U.S. stocks are falling sharply in midday trading, pushing the Dow Jones industrial average down more than 200 points, as investors react to reports of sluggish growth in the U.S. economy.

The decline adds to losses racked up by the market in January.

The Dow was down 183 points, or 1.2 per cent, to 15,516 at 11:26 a.m. (1626 GMT) Monday. The index fell as much as 206 points earlier. The Standard & Poor's 500 index lost 22 points, or 1.2 per cent, to 1,760. The Nasdaq slipped 58 points, or 1.4 per cent, to 4,046.

A report Monday showed that U.S. manufacturing barely expanded last month. Construction spending rose modestly in December, slowing from healthy gains earlier.

Fresh signs of weakness in China's manufacturing sector added to lingering worries about developing economies.

Fact Check

Fact Check

Have you found an error, or know of something we’ve missed in one of our stories? Please use the form below and let us know.

* Required
  • Please post the headline of the story or the title of the video with the error.

  • Please post exactly what was wrong with the story.

  • Please indicate your source for the correct information.

  • Yes

    No

  • This will only be used to contact you if we have a question about your submission, it will not be used to identify you or be published.

  • Cancel

Having problems with the form?

Contact Us Directly
  • Print

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

Have Your Say

New to commenting? Check out our Frequently Asked Questions.

Have Your Say

Comments are open to Winnipeg Free Press print or e-edition subscribers only. why?

Have Your Say

Comments are open to Winnipeg Free Press Subscribers only. why?

The Winnipeg Free Press does not necessarily endorse any of the views posted. By submitting your comment, you agree to our Terms and Conditions. These terms were revised effective April 16, 2010.