Stocks were in negative territory for most of the day and turned mixed as investors took in some disappointing economic data on this first trading day of the month.
The Institute for Supply Management is reporting a drop in manufacturing, to 49.6 in August, which fell short of expectations for a reading of 50.0.
Meanwhile, there was also a decline in construction spending, down 0.9 percent in July, according to the Commerce Department.
On the earnings front, Campbells Soup (NYSE:CPB) posted a 9 percent increase in soup sales for its fourth quarter, beating expectations.
Pork producer Smithfield Foods (NYSE:SFD) reported a quarterly profit that fell short of expectations, due to weak retail demand in the U.S. The company missed revenue expectations as well.
Tomorrow, we'll take a look at the numbers for weekly mortgage applications as well as earnings results from Dollar General (NYSE:DG) and H&R Block (NYSE:HRB).
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