Monday 24 March 2014

U.S. stocks drift lower after weak PMI

U.S. stocks continued the previous session’s downward drift on Monday after Markit’s initial purchasing managers index for March fell slightly.
The initial or “flash” Markit PMI for the U.S. fell to 55.5 in March from 57.1 in February, but still showed improving conditions for manufacturers. Readings over 50 in the purchasing managers index indicate growth.

Source:  Marketwatch

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