New York – Stocks tumbled Monday as a key manufacturing gauge came in weaker than expected and the dollar made a comeback.
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Major indexes were down more than 2 percent, with the Nasdaq the hardest hit of the three, down nearly 3 percent.
Stocks tumbled Monday as a key manufacturing gauge came in weaker than expected and the dollar made a comeback.
Major indexes were down more than 2 percent, with the Nasdaq the hardest hit of the three, down nearly 3 percent.
Wall Street had an impressive roll heading into the new week: The Nasdaq has chalked up weekly gains in 13 of the past 14 weeks, while the Dow and the S&P 500 had risen in 12 of the past 14 weeks. All three indexes were positive for the year as of Friday’s close and the Dow and S&P were on track for their best quarterly gains since the fourth quarter of 1998.
But weak economic data and the strong dollar threw water on the rally.
Gas prices have gone up since Obama became president and the fact that we have to pay more taxes and higher taxes means that gas prices will continue to go up.
why is gas going up when we are in a recession?
I’m confused as to why you are posting this article.
Are you somehow surprised that the market has a down day after an unprecedented 3-month rally that has seen the Dow rise by over 30 percent?
It will go higher by this president with no reason by bush they had a reason what’s the reason now