December 01. 2008 2:00AM - Last modified: March 14. 2012 12:12PM

Stock market declines sharply

By Jim Butman

The stock market marked the first day of December by shedding off some of last week's gains this morning. The Dow Jones Industrial Average fell by more than 400 points after the Institute for Supply Management said its manufacturing index fell to 36.2 percent in November, its lowest reading since 1982. Readings under 50 percent indicate most U.S. manufacturing firms reported worsening conditions.

Locally, all of the stocks in the BizTimes Stock Index also stumbled this morning. The largest decliners this morning were Manpower Inc. (down $3.01 to $28.47), Badger Meter Inc. (down $3.00 to $28.37) and Harley-Davidson Inc. (down $1.90 to $15.11).


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