KBTX | Bryan & College Station, TX | News, Weather, Sports

Dow Drops on Concerns about Global Growth

By: Associated Press
By: Associated Press

NEW YORK (AP) - U.S. stocks are falling sharply in afternoon trading, pushing the Dow Jones industrial average down more than 300 points, as investors worry about reports of sluggish global growth.

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

The Dow was down 308 points, or1.97 percent, to 15,390 at 3:13 p.m. Eastern time Monday. The index fell as much as 317 points in the afternoon. The Standard & Poor's 500 index lost 41 points, or 2.3 percent, to 1,741. The Nasdaq slipped 112 points, or 2.7 percent, to 3,991.

A report Monday showed that U.S. manufacturing barely expanded last month. Construction spending rose modestly in December.

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


Join the Conversation!

To comment, the following rules must be followed:

  • No Obscenity, Profanity, Vulgarity, Racism or Violent Descriptions
  • No Negative Community Comparisons
  • No Fighting, Name-calling, Trolling or Personal Attacks
  • Multiple Accounts are Not Allowed
  • Stay on Story Topic

Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.

Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Questions may be sent to comments@kbtx.com. Please provide detailed information.

powered by Disqus
KBTX-TV Channel 3 4141 E. 29th Street Bryan, TX 77802 Phone: (979) 846-7777 Fax: (979) 846-1490 News Fax: (979) 846-1888
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 243380931 - kbtx.com/a?a=243380931