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Great Woman of Texas; Stacie McDavid

“I’ve always been a maverick in a number of ways,” says businesswoman and philanthropist Stacie McDavid.

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Thousands rally across US after Ferguson decision

Thousands of people rallied late Monday in U.S. cities including Los Angeles and New York to passionately but peacefully protest a grand jury's decision not to indict a white police officer who killed a black 18-year-old in Ferguson, Mo.

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Fort Worth Thanksgiving schedule announced

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Hope Lancarte of Joe T. Garcia's dies

Hope Lancarte, who ran her father's restaurant, Joe T. Garcia’s, for decades, died Thursday morning.. She was 86.

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Earthquake hits on Saturday near Irving

A 3.3 magnitude earthquake shook the Dallas-Fort Worth area around 9:15 p.m. Saturday night, according to the United State Geological survey.

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RadioShack stock up on Super Bowl commercial?

 

Hibah Yousuf

NEW YORK (CNNMoney) -- February is looking an awful lot like January for investors.

The Dow tumbled more than 250 points Monday afternoon, or about 1.7%, after a much worse-than-expected reading on manufacturing activity. The S&P 500 and Nasdaq were also down about 2%. CNNMoney's Tech 30 index was also down sharply.

Investors were disappointed after the Institute for Supply Management's monthly index showed that manufacturing activity last month expanded at its weakest pace since May.

The bad news comes as investors are still reeling from a rough January. Disappointing earnings and volatility in emerging markets sent stocks sharply lower during the first month of the year. The Dow tumbled more than 5% last month -- its worst January since 2009.

Many experts think the market could fall further, following big gains in 2013 and the fact that the stocks haven't taken a big breather in a while. Though stocks took a small step back last spring, they haven't experienced a correction, typically defined as a decline of 10% or more, in more than two years.

With Monday's losses, the Dow is down almost 7% from the all-time high it hit on the last day of 2013, while the S&P 500 has fallen more than 5% from the all-time high it reached last month.

The possibility of a correction was a hot topic among traders on StockTwits.

"$SPY way over extended," said MacDee. "Been overdue for a severe severe correction. Bearish."

But leopardtrader said he's using the weakness as an opportunity to buy stocks: "Market keep creating great opportunities. The rebound will be fast and furious as usual $SPY."

Still, others were worried by the fact that many traders are dismissing the pullback as a normal and healthy correction. That could mean that stocks are in for a sharper downward move.

"$SPY no one is predicting anything more than a correction which makes me think we might be in trouble...Bearish," said Undecided.

In corporate news, Herbalife shares rose in early trading after the company said fourth quarter earnings would top forecasts. The company also raised the amount of its planned share repurchase by $500 million. But the stock gave up all its gains after hedge fund manager Bill Ackman's firm Pershing Square released a series of reports detailing why it thinks Herbalife is a pyramid scheme.

The activist investor has made these accusations about Herbalife for more than a year, but the nutritional supplements marketer has refuted those claims.

Shares of Jos. A. Bank Clothiers declined after The Wall Street Journal reported that the company is in talks to buy fellow apparel retailer Eddie Bauer. The potential deal would be the latest twist in the battle between Jos. A. Bank and Men's Wearhouse. Both retailers have offered to buy each other.

Shares of RadioShack were higher as investors seemed to appreciate the company's self-deprecatory Super Bowl ad. RadioShack showed that it was getting rid of its 1980s image and products and unveiling a new store. But even with Monday's move up, the stock is still well below its 52-week high.

Traders on StockTwits also seemed to enjoy the commercial but were skeptical that RadioShack could really turn its business around amid increased competition from Amazon.com.

"Great RadioShack $RSH commercial trolling itself," said Estimize founder LDrogen. "Too bad it won't matter."

StockTwits trader DominoTree had the same sentiment.

"Even if they give RadioShack a new collar, it's still the same dog with the same fleas," he said. "$RSH Bearish."

But a handful of traders were optimistic.

"$RSH Not everybody is tech savvy," said Caviar. "They could also lead a 3D Printer retail boom like they did with computers .They rule in rural communities."

Automakers reported January sales Monday. The news was mostly bad. Ford. GM and Toyota shares fell after posting sales declines in January that were even larger than what analysts were expecting. There was one bright spot though. Chrysler reported an increase in sales that topped forecasts.

Restaurant operator Yum! Brands is set to release quarterly results after the closing bell.

European markets finished with losses after investors ignored reports of stronger manufacturing activity in the eurozone in January.

Many Asian markets were closed for the lunar new year but those trading moved lower, with the Nikkei in Japan declining by 2%. The benchmark Nikkei has tumbled 10.3% so far this year. That means the index is now undergoing a correction, after posting a whopping 57% gain in 2013 -- its biggest annual rise in over 40 years.

Traders in Asia were cautious after the release of weak official Chinese manufacturing data. Many emerging markets have suffered over the past few weeks as investors have moved money out of riskier markets in favor of relative safe havens.

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What was the message of the midterm elections?