U.S. indexes were in the red most of the day but losses were light; the S&P 500 fell 0.28% and the NASDAQ 0.25%. The ISM Manufacturing report was below expectations and is nearing the 50 level that separates expansion from contraction, coming in at 52.7 versus the 53.5 forecast. Construction spending rose 0.1 %, the smallest gain since January. Keep an eye out later this week for ISM Non Manufacturing and ADP Employment (Wednesday) and the July employment data (Friday).Continue reading
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