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Saturday, December 9, 2023
HomeNewsEconomyMidwest Manufacturing Falls In March, Way Off Wall Street Expectations

Midwest Manufacturing Falls In March, Way Off Wall Street Expectations

The Institute for Supply Management-Chicago says their measurement of Midwest manufacturing activity fell to 55.9 in the month of March, significantly below the reading of 59 Wall Street had expected. The index was also far below the measurement of 59.8 the month prior.

Still, as of 9:32 AM ET, the Dow Jones Industrial Average was up 108 points, or 0.66 percent to 16430, while the S&P 500 jumped 12.6 points, or 0.68 percent to 1870. The Nasdaq Composite rose 37.6 points, or 0.91 percent to 4193.

Written by
Staff Writing Group

PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

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