Pot Stock's Major Price-Target Cut

The Institute for Supply Management's (ISM) manufacturing index showed contraction in August

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Midday Market Check
 
 

9/03/2019

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Stocks Keep Falling After Manufacturing Data

By Josh Selway

Share On

The Dow Jones Industrial Average (DJI) continues to trade lower, weighed down by concerns around the U.S-China trade relationship. Downbeat economic data could be hurting stocks, too, with the U.S. manufacturing sector contracting in August for the first time since 2016, and construction spending rising less than expected in July. In response, the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are sporting sharp losses, as well, while the yield on the 10-year Treasury is also moving lower again.

 Continue reading for more on today's market, including:

  • Analyst sees potential in Snap's gaming business.
  • Pot stock's price target cut by $90.
  • Plus, accelerated weeklies on Zoom Video; healthcare stock jumps on drug data; and retailer tops key trendline. 
>> Continue reading...
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SNAP bounced off a key trendline to end August
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A new round of U.S. tariffs on Chinese goods went into effect over the weekend
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