The Institute for Supply Management said its index of manufacturing activity fell to 47.7 in December from 50.8 in November, signaling contraction in the sector. Details from Bloomberg...
The Dow Jones Industrial Average fell 221 points (1.7%) to close at 13,044, the S&P 500 Index lost 21 points (1.4%) to 1,447, and the Nasdaq Composite declined 43 points (1.6%) to 2,610. On moderate volume, 1.4 billion shares were traded on the NYSE, and 2.1 billion shares were traded on the Nasdaq. Crude oil jumped $3.44 to $99.42 per barrel, wholesale gasoline rose $0.08 to $2.57 per gallon, and gold ended at a new-closing high, rising $22.90 to $857.80 per ounce.
