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Markets Chilled By 10-Year-Low In US Factory Output

Credit: Wochit Business
Published on October 1, 2019 - Duration: 00:36s

Markets Chilled By 10-Year-Low In US Factory Output

The S&P 500 and Dow suffered their worst tumbles in over a month on Tuesday.

Reuters reports the plunge came after data showed U.S. factory activity shrank in September to its weakest in over a decade.

Reuters reports the drop is ratcheting up fears the US-China trade war is hobbling the world’s largest economy.

This is a bad number, fitting in with the world’s manufacturing recession.

I think the market is right to be concerned.

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Markets Chilled By 10-Year-Low In US Factory Output

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