A report showing that manufacturing production in New York state fell to a record low in February added to worries about the deepening recession among investors already fearful a new US economic stimulus package won't be a quick fix.
The Dow Jones industrial average was down 156.67 points, or 2.00 per cent, at 7,693.74. The Standard and Poor's 500 Index was down 22.05 points, or 2.67 per cent, at 804.79. The Nasdaq Composite Index was down 43.34 points, or 2.82 percent, at 1,491.02.
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