Wall St closes over 2% lower on data

US stocks slump as manufacturing numbers fall well short of forecasts.

United States stocks closed more than two% lower, after a disappointing reading on manufacturing activity and lingering concerns over weakness overseas led investors to start February with an anxious stance.

At the closing bell, the Dow Jones Industrial Average declined 326.05 points, or 2.08%, at 15,372.80.

The S&P 500 shed 40.70 points, or 2.28%, to 1,741.89, while the Nasdaq Composite Index declined 106.92 points, or 2.60%, to 3,996.96.

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