US stocks sink more than 2% on bad manufacturing data

US stocks Monday fell more than two percent after a surprisingly weak US manufacturing report sparked another round of selling, deepening the equity market retreat of early 2014.

AFP| Updated: Feb 04, 2014, 05:25 AM IST

New York: US stocks Monday fell more than two percent after a surprisingly weak US manufacturing report sparked another round of selling, deepening the equity market retreat of early 2014.

As markets closed, the Dow Jones Industrial Average tumbled 326.05 points (2.08 percent) to 15,372.80. The broad-based S&P 500 fell 40.70 (2.28 percent) to 1,741.89 and the tech-rich Nasdaq Composite Index slumped 106.92 (2.61 percent) to 3,996.96.