"There's a growing recognition that the spread of negative economic impulses around the world is starting to land on US shores in a meaningful way."The broad-based S&P 500 shed 36.49 points to 2,940.25, while the tech-rich Nasdaq Composite Index fell 90.65 points to 7,908.68.The ISM's index fell 1.3 points to 47.8 per cent in September, the lowest since June 2009 and well below the 50 rating that separates growth from contraction.
Among individual companies, General Motors dropped 3.7 per cent as a United Auto Workers strike further pinched operations.