This is one of the brightest and most generous groups you will ever come across.more testimonials »
Manufacturing Data: April 2, 2012 Monday, April 2, 1:05 PM ET
Investors were very happy about the manufacturing data out this morning. Stocks dipped at the open before the news but staged a quick turnaround as the Institute for Supply Management said the manufacturing sector grew steadily in March, up a full point over February and better than economists expected.
New orders softened slightly, on slower export growth. But increases in production, backlog orders and employment was encouraging.
Also this morning, construction spending was weaker than expected for February. In fact, this spending fell 1.1% while economists were expecting a .7% increase.
Right now the Dow is wavering near unchanged, while the S&P and Nasdaq are fractionally positive. Shares of Apple (NASDAQ:AAPL) and Theravance (THRX) are leading Nasdaq higher this morning.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.