Gloomy outlook and weak manufacturing data from china starts worldwide stock crash

Discussion in 'China' started by JayATL, Sep 22, 2011.

  1. JayATL

    JayATL Senior Member Senior Member

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    The selling started early, with world markets logging steep declines, following the Federal Reserve's gloomy outlook and weak manufacturing data from China.

    The Dow Jones industrial average (INDU) tumbled 425 points, or 3.8%, with all of the blue chip index's components in the red. Shares of United Technologies (UTX, Fortune 500), Alcoa (AA, Fortune 500) and DuPont (DD, Fortune 500) lost the most ground by midday.

    Market Report - Sep. 22, 2011 - CNNMoney
     
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