Triggered by China’s selloff, Wall Street plunged with DJIA and S&P 500 indices losing -1.58% and -1.53% respectively. Market sentiment was also weighed down by disappointing ISM manufacturing index which had reported the second consecutive sub-50 reading in December. In commodities, crude oil prices initially picked up amidst conflicts in the Middle East.
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Disappointing ISM Hints Weak December Payrolls?
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