Equities did end off their lows. Lets get right to the closing numbers on this, the first trading day of the new year. The dow industrials dropped 276 points to 17,147. It had been off as much as 467 points earlier in the day. The nasdaq declined 104 points. Thats 2 . And the s p 500 lost 31. The trigger, china and more evidence of slowing growth in the worlds second largest economy. A new report out of that country showed the Manufacturing Sector contracted at the end of 2015. The shanghai stock market plunged almost 7 and then Circuit Breakers kicked in and trading was halted. From asia the selling spread around the world to europe first and then here to wall street. But china wasnt the only cause for the drop today. Bob pisani has more on todays rout from the New York Stock Exchange. Reporter ugg. What a lousy open for the year. Most of the market was down 2 the whole day except for a very brief rally at the close. There were several reasons that stocks traded down. First we had a p
Equities did end off their lows. Lets get right to the closing numbers on this, the first trading day of the new year. The dow industrials dropped 276 points to 17,147. It had been off as much as 467 points earlier in the day. The nasdaq declined 104 points. Thats 2 . And the s p 500 lost 31. The trigger, china and more evidence of slowing growth in the worlds second largest economy. A new report out of that country showed the Manufacturing Sector contracted at the end of 2015. The shanghai stock market plunged almost 7 and then Circuit Breakers kicked in and trading was halted. From asia the selling spread around the world to europe first and then here to wall street. But china wasnt the only cause for the drop today. Bob pisani has more on todays rout from the New York Stock Exchange. Reporter ugg. What a lousy open for the year. Most of the market was down 2 the whole day except for a very brief rally at the close. There were several reasons that stocks traded down. First we had a p
Equities did end off their lows. Lets get right to the closing numbers on this, the first trading day of the new year. The dow industrials dropped 276 points to 17,147. It had been off as much as 467 points earlier in the day. The nasdaq declined 104 points. Thats 2 . And the s p 500 lost 31. The trigger, china and more evidence of slowing growth in the worlds second largest economy. A new report out of that country showed the Manufacturing Sector contracted at the end of 2015. The shanghai stock market plunged almost 7 and then Circuit Breakers kicked in and trading was halted. From asia the selling spread around the world to europe first and then here to wall street. But china wasnt the only cause for the drop today. Bob pisani has more on todays rout from the New York Stock Exchange. Reporter ugg. What a lousy open for the year. Most of the market was down 2 the whole day except for a very brief rally at the close. There were several reasons that stocks traded down. First we had a p