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Bank of America Corporation Message Board

  • bloomberg_marketwatch bloomberg_marketwatch Jul 2, 2012 10:11 AM Flag

    June ISM manufacturing gauge turns below 50% at 47.8%= Fake rally=Dow 10 000 =OUCH!!!


    June ISM manufacturing gauge turns below 50%
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    5 Comments Share
    Portfolio Relevance
    By Steve Goldstein
    WASHINGTON (MarketWatch) -- Manufacturing activity in the U.S. dropped in June into contraction territory for the first time since July 2009, the Institute for Supply Management said Monday. The ISM dropped to 49.7% from 53.5% in May, against a MarketWatch-compiled economist poll of 52.3%. The new-orders index dropped 12.3 percentage points in June, registering 47.8% and indicating contraction in new orders for the first time since April 2009.

    Sentiment: Strong Sell

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16.11+0.18(+1.13%)May 1 4:02 PMEDT