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Stocks Turn Lower After ISM Manufacturing Data
The stock market took a turn lower after the latest update on U.S. manufacturing came in weaker than expected.
The S&P 500 was down 0.3%. The Nasdaq Composite was down 0.6%. The Dow briefly turned lower and was up just 18 points.
The Institute for Supply Management’s Purchasing Mangers Index slipped to a reading of 50.3 in February, below economists’ expectations at 50.5, according to FactSet. The new orders index fell to 48.6 from 55.1 in January.
