Dow Jones Industrial Average tumbles 0.6% on global growth concerns

Dow Jones Industrial Average index closed lower on Thursday led by energy and industrial shares as weaker than expected PMI data from China and Europe weighed on investor sentiment. Blue chip index lost 0.6% or 78.48 points and settled at 13,046.14 with growth dependent stocks contributing most to the downside. Caterpillar and Chevron dropped 2.4%, while Alcoa Inc fell 2.5%. On the upside Procter & Gamble and Intel each climbed 0.5%.