American Stock Markets

American stock markets: The S P/TSX composite index gave up the last of its gains for the year as it tumbled 208.74 points, or 1.52 per cent, to 13,486.2. The Canadian dollar gained 0.33 of a cent to 90.11 cents US, according to 660 News. The Nasdaq fell 106.92 points to 3,996.96 while the S P 500 index slid 40.7 points to 1,741.89 and North American stock markets sold off sharply Monday as a disappointing read on American manufacturing added to worries over whether economic problems cropping up in emerging markets can be contained. New Yorks Dow Jones industrial average plunged 326.05 points, or 2.1 per cent, to 15,372.8 as the Institute for Supply Management said its January manufacturing index dropped to 51.3 in January from 56.5 in December. Any reading above 50 signals expansion. (www.immigrantscanada.com). As reported in the news.