The Dow Jones falls 1.4% on weak manufacturing

The Dow has fallen 1.4% or 238.19 points to close at 16,804.71 after the ISM Manufacturing Index came out worse than expected at 56.6 when the market was anticipating a reading of 58.6. The first case of Ebola was also reported in the US and this has hurt the Dow Jones Transportation Index. On the other hand, pharmaceuticals that make Ebola drugs have risen sharply on the news. Even though we have seen a big drop on the Dow Jones, the index may get a boost on Friday if the Non-Farm Payrolls report comes out better than expected.