Business

US STOCKS SNAPSHOT-Wall Street declines sharply as production contracts resume




1. October (Reuters) – Wall Street's main indices fell sharply on Tuesday after data showed US industry contracted for the second straight month in September, fearing fears of slowing growth in the world's largest economy.

ISM's US industrial production activity index fell to 47.8 in September, the lowest since June 2009, below economists' expectations of 50.1.

Kl. At 10:05 ET, the Dow Jones Industrial Average was down 53.23 points, or 0.20%, at 26,863.60, and the S&P 500 was down 4.35 points, or 0.15%, at 2,972.39. The Nasdaq Composite was up 12.18 points, or 0.15%, at 8,011.52.

Moments before the data, the Dow Jones Industrial Average was up 113.19 points, or 0.42%, at 27,030.02, the S&P 500 was up 13.07 points, or 0.44%, at 2,989.81. The Nasdaq Composite was up 58.08 points, or 0.73%, at 8,057.42. (Reporting by Medha Singh in Bengaluru; Editing by Arun Koyyur)



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