Dow has shed more than 1,000 points in what's shaping up to be a brutal start to October

The Dow Jones Industrial Average has declined by nearly 4%, or some 1,024 points, so far this week, which would mark its worst weekly skid since the week ended Dec. 21, according to FactSet data. On Thursday, the Dow was off more than 280 points, or 1.1%, at 25,795, marking its third consecutive drop of at least 1% in as many days, amid growing signs of economic weakness here and abroad. The latest report from the Institute for Supply Management showed that the services sector hit a three-year low. ISM’s non-manufacturing sector survey for September fell to 52.6 in from 56.4. The ISM services employment index slipped to 50.4 from 53.1 for the month. A reading of 50 indicates improving conditions.

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