U.S. stocks are sinking at the start of a week full of updates on the economy’s strength. The S&P 500 slipped 0.6% in early Tuesday trading, coming off a winning week that had carried it to the cusp of its all-time high. The Dow Jones Industrial Average was down 199 points from its own record set before Monday’s Labor Day holiday. The Nasdaq composite slipped 0.7%. Treasury yields were also sinking ahead of a report coming later in the morning on U.S. manufacturing. U.S.
It's another busy week for earnings, with Dollar Tree, Dick's Sporting Goods, Broadcom and Costco all reporting. “If the report disappoints, especially if it pushes the unemployment rate higher, we could quickly see growth concerns flare up again.” South Korea’s Kospi initially rose after a report showed consumer inflation slowed in August to the weakest in more than three years, supporting expectations of an easing of monetary policy. The Kospi later declined 0.6% to 2,664.63.
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