February 3, 2014
February is looking an awful lot like January for investors. Emphasis on awful.
The Dow tumbled 326 points Monday, or almost 2.1%, after a much worse-than-expected reading on manufacturing activity in the United States. The S&P 500 and Nasdaq were also down more than 2%. CNNMoney’s Tech 30 index was down sharply as well.
Investors were disappointed after the Institute for Supply Management’s monthly index showed that manufacturing activity last month expanded at its weakest pace since May.