On the first day of the fourth quarter, the S&P 500 and Dow indexes recorded their sharpest slide in more than a month, wiping off their third-quarter gains. “What is hard to argue with is that the global manufacturing sector is now very much in a recession,” Deutsche Bank strategist Jim Reid wrote in a note. The Federal Reserve, which cut interest rates for the second time this year in September, indicated that it would rely on economic data to determine future rate cuts. …read more
Source:: Yahoo Finance
