These 3 Dow Stocks Are Winning Todayhttp://www.fool.com/investing/general/2013/04/01/these-3-dow-stocks-are-winning-today-3.aspx Dan Dzombak
April 1, 2013
The Dow Jones Industrial Average (INDEX: ^DJI) is down following the release of worse-than-expected manufacturing data. As of 1:15 p.m. EDT the Dow is down 12 points, or 0.08%, to 14,567. The S&P 500 (INDEX: ^GSPC) is down 0.42% to 1,563.
There were three U.S. economic releases today.
The one to pay attention to is the Institute for Supply Management's purchasing managers' index. Both it and the Markit purchasing managers' index showed weaker-than-expected manufacturing activity in March. Markit's PMI was down from the early reading of 54.9 but still above February's 54.3. The ISM index, however, fell to 51.3, down from February's 54.2. Analysts had expected the index to remain steady. A level above 50 indicates growth, but the decline shows that growth had slowed down. The cause was primarily new orders and production, which both fell more than 5 percentage points in March. A decrease in manufacturing activity signals lower-than-expected growth in the economy moving forward. There was one positive in the ISM PMI: Survey respondents reported that employment increased faster in March than in February.
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