US stock markets open with worst performance in decades
by Dominic Rushe from on (#ZM0Z)
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 close to 2%, its worst post-New Year performance since the 1980s. It 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
Continue reading...