The Empire Manufacturing Index fell from -3.2 in May to -8.7 in June, below the forecast of -1.5. Pricing pressures remain a problem as manufacturing activity in New York shrank for the fourth month in five. A reading below zero indicates a contraction. More from Bloomberg...
The Dow Jones Industrial Average declined 38 points (0.3%) to close at 12,269, the S&P 500 Index was unchanged at 1,360, while the Nasdaq Composite rose 20 points (0.8%) to 2,475. Crude oil fell $0.25 to $134.61 per barrel, and gold increased $12.80 to $883.100 per ounce.
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