Manufacturing Data Kill Stocks

By Kevin Spak,  Newser Staff
Posted Jun 15, 2009 8:48 AM CDT
Trader Bradley Silverman works on the floor of the New York Stock Exchange Wednesday, June 10, 2009.   (AP Photo/Richard Drew)
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(Newser) – Stocks plunged at the open today, after an ugly New York manufacturing report, the Wall Street Journal reports. The Dow sunk 120 points, while the Nasdaq and S&P lost 1.5% and 1.4% respectively. The New York Fed’s manufacturing survey dropped to -9.41 from -4.55 in May, sending Caterpillar and Deere down more than 2.5%. Oil fell to $71.55, sending oil stocks south.