Stocks Hit Hard By Weak Economic News

Stocks Hit Hard By Weak Economic News
(New York, NY) -- Weak manufacturing figures are sending stocks into a tailspin. New reports showed little improvement in construction spending and orders for new products in January. The Dow Jones Industrial Average fell 325 points to 15-374. The Nasdaq dropped by more than two-and-a-half-percent, shedding 107 points to 39-97. The S&P 500 dropped 41 points to 17-42.