Wall Street share sell-off is triggered by gloomy US jobs and industry figures
by Larry Elliott
Shares fell heavily on Wall Street on Wednesday after a gloomy report from US factories and signs of a slowdown in employment growth prompted fears that the recovery in the world's biggest economy is fading. With weaker than expected data from Europe and China adding to the downbeat mood, the Dow Jones industrial average lost 280 points – 2.2% - in New York. It was the biggest points drop in almost a year...[continued]
