This Is Why Did The DOW Jones Crashed 600 Points This Morning

© Lucas Jackson / Reuters

NBC: Dow plunges by almost 600 points on mounting recession fears

All three major indices fell by more than 2 percent, sparked by manufacturing data that revealed the biggest decline in factory output since June 2009.

Wall Street took heavy losses on Wednesday, with all three major indices declining by 2 percent as disappointing employment data and a contraction in manufacturing activity fueled fears of an impending recession.

The Dow Jones Industrial Average dropped by as much as 598 points, or 2.24 percent, on Wednesday, wiping out all gains for the third quarter. The S&P 500 suffered a similar fate, falling 2.07 percent and erasing any yield for the last quarter. The tech-heavy Nasdaq lost 2 percent as Amazon, Apple, and Microsoft fell.

President Donald Trump blamed the Democrats for the market sell-off, tweeting that "impeachment nonsense" was driving down "the Stock Market, and your 401K’s."

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WNU Editor: The manufacturing data that many in the media are crediting for this drop was already factored in. The stocks that are tanking today are the tech stocks .... Dow plunges more than 500 points as big tech shares lead the decline (CNBC). And the reason why they are tanking is because of Benie Sanders hospitalization. His probable departure will IMHO catapult Democrat Presidential hopeful Elizabeth Warren to the top of the ticket, and the likely Democrat Presidential candidate for next years election. The same Elizabeth Warren who has vowed to break-up the tech companies if she becomes President, a possibility that I can guarantee you is scaring many an investor. 

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