fell to a more than six-year low while services grew at is slowest pace in eight months, IHS Markit said.The U.S. manufacturing sector, while the services sector grew at its fastest pace in two months, according to data from IHS Markit. However, IHS noted the manufacturing data remained among the weakest since 2016. "Prospects also look gloomy, with inflows of new business down to the lowest since 2009.
Monday's moves come after the major indexes snapped a three-week winning streak on Friday as they struggled to reach July's record highs. Entering Monday's session, the Dow and S&P 500 were more than 1% from their all-time highs. The Nasdaq Composite was 2.7% away.Spencer Platt | Getty Images "Trends remain largely intact from mid-August lows, but still largely a poor Risk/reward for new longs until many US indices and sectors can get back above July highs, which might be difficult during one of the more seasonally bearish weeks of the year," Mark Newton, managing member atStocks have struggled at these levels amid lingering trade tensions between China and the U.S.
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Source: CNBC - 🏆 12. / 72 Read more »
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