Loading…
Saturday, July 26, 2014
Current Weather
Loading Current Weather....
Published: Monday, 7/2/2012

Stocks fall after first U.S. manufacturing slowdown in almost three years

ASSOCIATED PRESS

NEW YORK — U.S. stocks were trading lower at midday, pushed down by a report that American manufacturing slowed for the first time in nearly three years.

The Dow Jones industrial average is down 57 points to 12,823. The Standard & Poor's 500 is down four to 1,358. The Nasdaq composite index is down two to 2,933.

The government is reporting that U.S. construction spending is up, but that good news isn't enough to wipe out the jolt caused by the manufacturing report.

Chemical company DuPont is down more than 3 percent, the most of any of the 30 companies in the Dow. Other companies that are closely tied to manufacturing are also down, including Caterpillar, General Electric, Alcoa, Exxon Mobil and Boeing.



Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.

Related stories