New York (CNN Business) The Dow and the broader stock market went deep into the red on Wednesday, as worries about the economy continued to rattle investors. "I think yesterday's US manufacturing PMI report was a game changer," said Fawad Razaqzada, technical analyst at Forex.com, in emailed comments. Even though consumers are a more important component of the US economy than manufacturing, investors can't ignore the slowdown. The report also sharply revised the August numbers down, which is adding some nervous tensions ahead of Friday's US jobs report. So far, American consumers have kept the economy roaring, in part because the country is near full employment.
Source: CNN October 02, 2019 15:40 UTC