Markets Tumbling - Dow Down 135
Oct 7, 2014, 19:10 IST
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The Dow is down 137 points (-0.8%). The S&P is down 13 points (-0.6%).
The US economic calendar is light today. At 10:00 a.m., we'll get the Job Openings And Labor Turnover Survey. Economists estimate US companies had 4.7 million job openings in August.
Earlier, we learned German industrial production activity dropped 4% in August, which was much worse than the 1.5% expected. This only adds to concerns that Europe's second largest economy will drag the whole eurozone into a recession.
Among the big losers in the US markets is SodaStream, which warned that its Q3 revenue and earnings have fallen far short of analysts forecasts. Shares are down 20% in early trading.
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