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Economy
Stocks drop sharply; airlines sink
Stocks drop sharply; airlines sink

U.S. stocks are slumping to a third straight loss as investors fret over poor economic news. It was a rough start to October for financial markets Wednesday, with the Dow Jones industrial average dropping more than 200 points as investors reacted to a round of negative economic news in the U.S. and abroad. At first stocks were driven lower by word that German manufacturing had slowed last month. The selling accelerated after a separate survey indicated U.S. manufacturing slowed as well. “A lot of people thought this economic data was going to be robust, so when it was weak, everyone moved to reposition,” said Tom di Galoma, head of rates and credit trading at ED&F Man...

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