TODAY

TODAY   |  February 04, 2014

All eyes on Wall Street after Dow drops

Just one day after the Dow Jones Industrial Average closed down more than 300 points, the biggest point drop in more than seven months, nervous traders are watching Wall Street closely. NBC’s Kayla Tausche reports.

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>>> all eyes on the wall street this morning, one day after the biggest point drop in more than seven months. kayla tausche joins us now with the latest. kayla, unsettled nerves there as jessica yellen takes over the reins.

>> the dow fell 326 points after data showed less manufacturing and construction activity last month than expected. and fewer car sales at gm and ford, that's only adding to concern that consumers' financial health could keep weakening like we saw in december. also comes as the federal reserve , which has been pumping money into the economy for years is pulling back from stimulus. that has hurt global markets. experts say don't pull your money out of the u.s. market just yet, the unupside, mortgage rates have fallen to a three-month low.