The Dow has explored a more than 350-point trading range today already
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| | 10/01/2019 | |
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Dismal Manufacturing Data Drags Dow Lower | By Patrick Martin | | The Dow Jones Industrial Average (DJI) has relinquished an early morning lead, after the Institute for Supply Management's (ISM) manufacturing index fell to 47.8% in September -- its lowest level in over 10 years -- indicating trade tensions are creating a headwind for the U.S. economy. Shortly after the report was released, President Donald Trump took to Twitter to criticize the Federal Reserve, saying the central bank "allowed the Dollar to get so strong," and that it doesn't "have a clue." The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are also firmly in the red on the first day of the fourth quarter. Continue reading for more on today's market, including: - Wells Fargo targets 20% upside for this software stock.
- Cleveland-Cliffs stock is brushing off this morning's bear note.
- Plus, Halliburton call buyers eye November surge; MNK higher after drug data; and ULTA gets a J-Lo boost.
| >> Continue reading... | |
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