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US stock markets open with worst performance in decades

Discussion in 'Market News' started by Lily, Jan 4, 2016.

  1. Lily

    Lily Forum Member

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    The Dow Jones Industrial Average took a New Year’s dip unseen since 1922 after a survey of China’s manufacturing sector showed it continues to shrink

    US stock markets got the post-New Year’s blues on Monday, opening with their worst performance in decades, driven down by a slowdown in China’s economy and more trouble in the Middle East.

    The Dow Jones Industrial Average closed down 1.6% after staging a late rally. It was still one of its worst post-New Year performance since the 1980s. The Dow had been down 2.5% in the morning, a new year trading dip unseen since 1922 when the markets closed down 2.3% on the first day of trading after the holidays.

    Markit #US Manufacturing #PMI falls to 51.2 in December, lowest level since Oct'12 https://t.co/kSnmmAbUqU pic.twitter.com/KtkpIgnjlg

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