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Stocks fall after data show deepening U.S. manufacturing woes


Tuesday, 1 October 2019 23:16 WIB

Standard & Poor's 500Saham AS


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U.S. stocks gave up early morning gains to trade lower Tuesday morning after the Institute for Supply Management’s survey of U.S. manufacturers showed the sector falling deeper into contraction, as President Trump’s trade war with China drags on.

The Dow Jones Industrial Average lost 132 points, or 0.5%, to reach 26,788, the S&P 500 index  fell 9 points to 2,967, loss of 0.3%. The Nasdaq Composite index retreated 10 points, or 0.1%, to reach 7,990.

On Monday, the Dow rose 96.58 points, or 0.4%, to end at 26,916.83, while the S&P 500 index advanced 14.95 points, or 0.5%, to finish at 2,976.74. The Nasdaq Composite Index closed at 7,999.34, a gain of 6.91 points, or 0.1%.

For the month of September, the Dow gained 2%, the S&P advanced 1.7% and the Nasdaq added 0.5%. For the quarter, the Dow and the S&P 500 both rose 1.2%, but the Nasdaq fell 0.1%.

Source: Marketwatch


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