New York CNN —
US stocks tumbled Monday after fresh data stoked concerns about the economy’s health.
The Dow slid 245 points, or 0.6%, after tumbling more than 400 points earlier in the day. The S&P 500 declined 0.3% and the Nasdaq Composite added 0.1%.
That comes after the Institute for Supply Management manufacturing index clocked in at 48.7% in May, down from 49.2% in April. A reading below 50 indicates signs of contraction in the US manufacturing industry, while a reading above that level signals expansion.
“Today could mark a significant turning point
→ Continue reading at CNN - Business News
