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-9.12658574427774E-05 -9.12658574427774E-05 0.00036506342977085 0.000675367345076189 0.00209911472118271 0.00127772200419823 0.00164278543396908 0.00159715250524776
Stock impact report

Weak U.S. manufacturing underscores slowing economic growth [Reuters]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Company Research Source: Reuters
Weak U.S. manufacturing underscores slowing economic growth - Reuters 6 Min Read WASHINGTON (Reuters) - New orders for U.S.-made capital goods fell more than expected in April, further evidence that the economy was slowing after a growth spurt in the first quarter that was driven by exports and a buildup of inventories. The report from the Commerce Department on Friday also showed orders for these goods were not as strong as previously thought in March and shipments were weak over the last two months, indicating that manufacturing was fast losing ground. The sector, which accounts for about 12% of the economy, is being squeezed by businesses placing fewer orders while working off stockpiles of unsold goods in warehouses. The inventory overhang is concentrated in the automotive sector, which is experiencing slow sales. Boeing’s move to cut production of its troubled 737 MAX aircraft is also hurting manufacturing. The loss of momentum came even before a recent escalation in the trade wa Show less Read more
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