The stock market is struggling to find solid ground this year and continues to slip. The DOW lost 326 points today (2.08%). The Nasdaq fell 2.61%. This has been a bad start to February after a January that was also not good for investors. The DOW was down over 5% in January, which CNN/Money says
was the worst month since January 2009.
A weak U.S. manufacturing report is getting blamed
for today's slide. People will be watching Friday's jobs report very closely for more signs on whether or not the economy is starting to slip back into a recession. Sam Stovall, chief equity strategist at S&P Capital IQ, believes we won't slip beyond the 10% zone. He thinks worldwide economic growth will continue to advance this year. Take a look: