Institute for Supply Management

US stock market: S&P 500 ends lower as recession fears take center stage

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US stock market: S&P 500 ends lower as recession fears take center stage

The S&P 500 dipped and the Nasdaq ended sharply lower on Wednesday after a growing wave of weak economic data deepened worries that the Federal Reserve’s rapid interest rate hikes might tip the U.S. economy into a recession. Nvidia Corp dropped 2.1% and was among the stocks weighing most on the S&P 500 after Alphabet … Read more

U.S. and Global Factory Output Picks Up, but Jobs Picture is Mixed

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U.S. and Global Factory Output Picks Up, but Jobs Picture is Mixed

U.S. factory output continued to grow in August, according to a pair of surveys released Tuesday, but the picture for employment was mixed, a possible sign of lingering uncertainty about the coronavirus pandemic among American manufacturers. Sluggish employment, if sustained, could pose a threat to the recovery just as the economy is starting to pick … Read more