Dow knives 2% lower in 2021 toward worst daily drop in over 2 months as data highlights COVID-stricken manufacturing

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U.S. stocks on Monday turned sharply lower, with the Dow Jones Industrial Average headed for its worst day since late October, amid accelerating cases of COVID-19 and recent economic reports showing weakness in manufacturing activity. The Dow was down 644 points, or 2.1%, lower at 29,960, on track for its worst one-day slide since Oct. 28, according to FactSet data. The S&P 500 index was trading 2.2% lower at 3,673, while the Nasdaq Composite Index retreated 2.4% to start trade in 2021.
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