Dow drops 326 pts, 2 pct

Breaking News February 04, 2014 00:00

U.S. stocks dived overnight falling through key support levels on weak economic data reflecting slowing U.S. economy.

Dow Jones index fell 326.05 points, or 2.1 per cent, to 15,372.80, with all, but one of its 30 components in the red.

S&P 500 fell 40.70 points, or 2.3 per cent, to 1,741.89, with telecom stokcs falling hardest and all 10 of its major groups in decline.

Nasdaq composite fell 106.92 points, or 2.6 percent, to 3,996.96.

Most view