The ISM Manufacturing Index fell from 50.0 in July to 49.9 in August, just shy of the estimate of 50.0. New orders rebounded somewhat from July and production expanded at a slightly slower pace than July.
Construction spending fell 0.6% in July, versus the estimate of a 0.4% decline. June, however, was revised from a 0.4% decline to a 0.3% increase. More from Bloomberg...
The Dow Jones Industrial Average lost 27 points (0.2%) to close at 11,517, the S&P 500 Index declined 5 points (0.4%) to 1,278, and the Nasdaq Composite fell by 18 points (0.8%) to 2,349. Crude oil dropped $5.75 to $109.71 per barrel, and gold fell $26.10 to finish at $809.10 per ounce.
Magnificent Seven Update
Daily Update Of Open Positions...Stocks & ETFs
