Topic: Institute for Supply Management

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Dow Jones hits highest mark since 2007

The fastest growth in US manufacturing in 10 months gave stocks a lift Tuesday and pushed the Dow Jones industrial average to its highest close in more than four years.
Spain enters recession; Dow and S&P 500 fall

Spain reentered a recession Monday, renewing fears about Europe's economic stability and sending stocks lower. The Dow fell 14 points to close at 13213; the Standard and Poor 500 index had its first monthly loss since November.
Paper Economy
Non-manufacturing business activity down in March

The business activity index declined 5.91% since February but remained 0.51% above the level seen a year earlier.
Good news on manufacturing buoys stocks

The Dow rose 52 points to close at 13264 as a positive report on U.S. manufacturing lifted stocks to multi-year highs Monday. The Dow close was its highest since 2007.
Paper Economy
The service sector shows growth

The business activity index increased 5.21 percent since January but remained 6.43 percent below the level seen a year earlier.
US stocks slip on foreign worries

US stocks faltered Monday on trouble in China and Greece. The Dow lost 14 points to close at 12962
Strong manufacturing data boosts stocks

Stocks climbed Wednesday after strong manufacturing data and encouraging reports about the Greek debt crisis. The Dow rose 83 points to close at 12716.
Stocks fall. Greece weighs on markets.

Stocks are down in Asia and Europe ahead of a key European summit. S&P futures are also lower. Investors shun stocks as concerns linger about Greece's long-term solvency.
Unemployment rate falls. Job gains ease fears of new recession.

The unemployment rate fell to 8.6 percent last month, down from 9 percent. It's the latest sign that the US economy is steering clear of a new recession. Still, pitfalls linger.
Stocks end lower after Wednesday's huge gains

The Dow fell 25 points to close at 12020 after soaring nearly 500 points on Wednesday.
Stocks rise on hopes for European banks

The Dow rose 131 points to close at 10939 as officials made moves to support Europe's struggling banks
Stocks sink; S&P at lowest level of the year

The latest setback in Greece's financial crisis sent bumped the Standard and Poor's 500 index 32 points to 1099, its lowest level of the year. The Dow fell 258 points to 10655.
Stock market gloom spreads. Blame Greece.

Stock market woes continue as Greece admits it won't meet deficit targets. European stocks fall, along with US stock market futures.
Stocks fall as Europe's debt worries deepen

The Dow fell 110.96 points to 11,139.30 in its worst start to September since 2002
US economy creates zero jobs in August: Is the risk of recession rising?

With the unemployment rate holding flat at 9.1 percent, the new report did little to ease debate over whether the nation could be dipping back into recession.
Why the stock market took a pounding Thursday

The Dow Jones Industrial Average shed 419.63 points to close at 10,990.58. News from Europe and unfavorable economic reports in the US appear to be factors.
Dow plunges 512 points: Here's what's bothering the stock market

The Dow suffered its worst day since December 2008, when the US was sliding into recession. The flight to bonds was so extreme that stock market investors were paying the US to hold their money.
Dow edges higher, breaking an 8-day losing streak

The Dow closed 30 points up, the S&P 500 gained 6 points, and the Nasdaq finished the day 24 points higher, after a day of ups and downs
Why debt-ceiling deal didn't give stock markets a bigger boost

Congress and the president may in part have wanted a deal on the debt ceiling out of concern for financial markets, but word of an agreement couldn't compete with a dismal July report.
Stock market shrugs off weak service sector report

The Dow rose 56 points, the S&P 500 gained 1 point, and the Nasdaq closed 8 points higher. Financial companies suffered from Moody's downgrade of Portugal's credit rating on Tuesday.
Stock markets take a battering

Stock markets in Asia, Europe fall sharply after US stock markets plunge and Greek debt worries rise. Futures point to rebound in the US.
Economy cools more than expected, rattling stock market

Slowdowns in car sales, manufacturing, home sales, and job creation collectively shook the stock market. Both the Dow and S&P 500 fell more than 2 percent Wednesday.
Osama bin Laden death may cause stocks to rise

Osama bin Laden death has caused 'exuberance and relief' among investors. The killing of bin Laden, along with strong earnings and a substantial deal in the drug sector, will likely send stocks up.
Unemployment rate dives, but few new jobs created. How can that be?

Unemployment rate dropped from 9.4% to 9.0% last month, according new Labor Department statistics. But only 36,000 new jobs were created. Where did the rest of the unemployed go?
Why the Dow Jones average finally closed above 12000

The Dow Jones average closed at 12040.16 Tuesday. Crossing the 12000 level might encourage investors to spend more money.