10:17 am: Service sector PMI hits lowest level since 2013
The IHS Markit services purchasing manager's index dipped into contraction territory for February. The flash PMI reading came in at 49.4, a 76-month low and down from 53.4 in January.The flash PMI for manufacturing also declined to 50.6 from a final reading of 51.9 in January, but stayed above the key 50.0 level that separates contraction and expansion. Both readings were well below expectations, according to Dow Jones.Existing home sales declined in January 1.
The company posted a profit of $1.63 per share on revenue of $6.53 billion. Analysts polled by Refinitiv expected earnings of $1.25 per share on sales of $6.409 billion. CEO John May said fiscal first-quarter results showed "early signs of stabilization" in the U.S. farm sector. —Amid the lingering fears about the coronavirus, the
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dow falls more than 300 points and Nasdaq suddenly skids 1.6% lower at Thursday's lowsU.S. stock-market gauges late-morning Thursday skidded sharply lower, briefly driving the indexes to an intraday nadir, with no apparent cause prompting the...
Source: MarketWatch - 🏆 3. / 97 Read more »
Dow falls more than 100 points after suffering a sudden midday sell-off that confused tradersStocks closed down, though were up from intraday lows. The Dow closed down 150 points, up from a session low of down 388 points earlier in the day. PPT to the rescue as always. Can't let those retirement funds wise up to the scam. Look at that 'retail buys the dip' upslope. Eventually, that concept fails. 90% cash, 10% in the money options is a safe way to play that crap... Err, Wait. Fed eases... Runaway market. Definitely.
Source: CNBC - 🏆 12. / 72 Read more »
Dow falls 150 points as confirmed coronavirus cases jumpStocks fell on Friday after the number of new coronavirus cases escalated, fueling worries over a pronounced global economic slowdown. Stories CNBC are not covering Come on guys keep this in perspective and stop being so sensitive! What ? CNBC hosts no longer to wear a tie? I see Dave not wearing one today!
Source: CNBC - 🏆 12. / 72 Read more »
S&P 500, Nasdaq close at records in tech-led stock rallyU.S. stocks ended higher Wednesday, with the S&P 500 and Nasdaq Composite each posting a record finish in a tech-led rally as investors looked past... Never Let me Down. Me imagino que los conteos bien, verdad ?
Source: MarketWatch - 🏆 3. / 97 Read more »
Stock Your Purse and Desk With These 9 Mini CondimentsWhen a salty, sweet, or spicy craving hits, you should have a solution on hand. An insanely adorable, teeny-tiny solution.
Source: epicurious - 🏆 114. / 63 Read more »
Here's what happened to the stock market on WednesdayWorries over the coronavirus and its impact on the economy were assuaged slightly, lifting two of the three major indexes to record highs. People made money, the end
Source: CNBC - 🏆 12. / 72 Read more »