Decline of Us Stocks after Manufacturing, business and finance homework help

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U.S. Stocks Decline After Lackluster Manufacturing Report Consumer-discretionary shares are among Monday’s biggest decliners By GUNJAN BANERJI And RIVA GOLD Updated April 3, 2017 7:05 p.m. ET 7 COMMENTS Investors sold consumer-discretionary stocks on Monday, dragging major indexes slightly lower on the first day of the second quarter. Mixed data weighed on shares, after investors have bet heavily in recent months on signs of an acceleration in U.S. economic growth and hopes for corporate-friendly policies from the Trump administration. The Dow Jones Industrial Average shed 13.01 points, or less than 0.1%, to 20650.21. The S&P 500 fell 3.88 points, or 0.2%, to 2358.84 after posting its biggest quarterly gain since 2015 on Friday, while the Nasdaq Composite lost 17.06 points, or 0.3%, to 5894.68. Consumer-discretionary stocks were among the biggest decliners in the S&P 500, falling 0.5%, after car sales fell in March. Shares of Ford Motor declined 20 cents, or 1.7%, to $11.44, and CarMax fell 2.55, or 4.3%, to 56.67. General Motors lost 1.19, or 3.4%, to 34.17. Tesla gained 20.22, or 7.3%, to 298.52 as the electric-car maker surpassed Ford to be the second-largest U.S. auto maker by stock-market value. The slip in auto sales came as a gauge of U.S. factory-sector health fell in March from February, even as it showed manufacturing activity expanding for a seventhconsecutive month, according to the Institute for Supply Management. The yield on the benchmark 10-year U.S. Treasury note fell to 2.351%, its lowest close in more than a month, from 2.396% Friday. There is “still some skepticism about the overall health of the U.S. economy and the health of the global economy. When you get data that confirms that skepticism, you see markets react negatively,” said Willie Delwiche, investment strategist at Baird. As investors continue to analyze economic data, several said they would also maintain their focus on the outlook for U.S. policy, including a potential tax overhaul and a summit later this week between U.S. President Donald Trump and his Chinese counterpart Xi Jinping that could shed light on prospects for trade. U.S. President Donald Trump and Chinese leader Xi Jinping are due to meet this week.PHOTO: /ASSOCIATED PRESS This week is set to include monthly U.S. jobs figures and minutes from the Federal Reserve’s March meeting, where officials voted to raise interest rates for the third time since the end of the financial crisis. Overseas, the eurozone jobless rate fell to its lowest level since 2009 in February, data showed Monday, a fresh sign the region’s economy accelerated slightly in the early months of the year. The Stoxx Europe 600 fell 0.5% following modest advances across Asian markets.
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Running head: DECLING OF US STOCKS AFTER MANUFACTURING

Decline of Us Stocks after Manufacturing
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DECLING OF US STOCKS AFTER MANUFACTURING

On Monday investors sold customer discretionary stockpile that led to lowering of the
major indexes on the first day. From the trumps administration, addresses corporatefriendly policies which might help th...


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