Manufacturing Data Kill Stocks

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. (More stock market stories.)