Stocks worst February Start since 1933

World Stocks in Free-fall after US starts worst February in 33 years

U.S. stocks saw their worst start to February since 1933 after a manufacturing report heightened concern about the economy before Friday’s monthly jobs report. Overall factory activity hit an eight-month low in January as new order growth plunged by the most in 33 years.

World Stocks in Free-fall after US starts worst February in 33 years
World Stocks in Free-fall after US starts worst February in 33 years

All three major indices fell over 2 percent and the Dow Jones Industrial Average dropped below its 200-day moving average for the first time since 2012. In a sign of heightened investor jitters, the CBOE Volatility Index, or VIX, rose above 20 on Monday for the first time in four months, while the yield on the 10-year Treasury note fall to a three-month low.

Read More at CNBC

About Albert N. Milliron 6987 Articles
Albert Milliron is the founder of Politisite. Milliron has been credentialed by most major news networks for Presidential debates and major Political Parties for political event coverage. Albert maintains relationships with the White House and State Department to provide direct reporting from the Administration’s Press team. Albert is the former Public Relations Chairman of the Columbia County Republican Party in Georgia. He is a former Delegate. Milliron is a veteran of the US Army Medical Department and worked for Department of Veterans Affairs, Department of Psychiatry.

Be the first to comment