INQUIRER.net: US stocks drop on weak manufacturing data

INQUIRER.net Philippine News for Filipinos

US stocks drop on weak manufacturing data Apr 2nd 2013, 00:14 NEW YORK—US stocks retreated Monday, weakened by mediocre economic data and cautious sentiment after recent record highs.   At the closing bell, the Dow Jones Industrial Average dropped 6.22 points (0.04 percent) to 14,572.32.   The broad-based S&P 500 gave up 7.07 (0.45 percent) at 1,562.12, while the tech-rich Nasdaq Composite Index sank 28.35 (0.87 percent) to 3,239.17.   The Institute for Supply Management said its manufacturing sector activity index came in at 51.3 in March, below the 54.0 percent expected by analysts.   Michael James, managing director of equity trading at Wedbush Morgan Securities, said the market was also pois... Keep on reading: US stocks drop on weak manufacturing data Media files: Wall-Street3.jpg (image/jpeg)

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