Stocks fall after data show deepening U.S. manufacturing woes
Tuesday, 1 October 2019 23:16 WIB | MARKET UPDATE | Standard & Poor's 500Saham AS
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%.