US STOCKS-Wall St subdued on mixed PMI, U.S.-China trade concerns [Reuters]
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Source: Reuters
US STOCKS-Wall St subdued on mixed PMI, U.S.-China trade concerns - Reuters 4 Min Read (For a live blog on the U.S. stock market, click or type LIVE/ in a news window.) * Services jobs shrink for the first time in 9-1/2 yrs * Sept. flash manufacturing PMI 51 vs. 50.3 for Aug. * Apple gains on tariff exemptions * Facebook among top drags on S&P 500 * Indexes flat: Dow 0.07%, S&P 0.05%, Nasdaq 0.01% (Changes comment, adds details, updates prices) By Medha Singh and Ambar Warrick Sept 23 (Reuters) - Wall Street’s main indexes were flat on Monday as mixed economic cues did little to soothe investor concerns over slowing domestic growth in the face of a prolonged U.S.-China trade war. U.S. employment in the services sector shrank for the first time in nine-and-a-half years, IHS Markit’s Purchasing Manager’s Index (PMI) showed on Monday. At 50.9, the services sector PMI was below expectations of 51.3, but the reading above 50 showed that it was still in expansion mode. The index also showed
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