U.S Stocks plunge due to weak manufacturing data

U.S. Stocks Decline on Factory Data Amid Ukraine Crisis

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  • U.S. stocks declined after US and China manufacturing data released showing both global economies slowing down. Index of U.S. manufacturing decreased to 55.5 in March from 57.1 a month earlier.  China Manufacturing PMI showed a decline to an eight-month low of 48.1 in March.
  • The Dow Jones Industrial Average lost 0.16% to 16,276.89, while the S&P 500 was off 0.49% to 1,857.46. The Nasdaq shed 1.18% to 4,226.38.
  • Crude futures for May delivery added 14 cents to $99.60 a barrel; gold futures for April delivery fell $24 to $1,312 an ounce.
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Categories: Capital Markets

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