- US
stocks were lower on Monday after a slowdown in manufacturing sparked fresh growth concerns. - The ISM Manufacturing Index fell to 59.5 in July, falling short of economist estimates of 61.
- Interest rates fell following the data release, with the US 10-Year Treasury yield hitting 1.17%.
- $4.
US stocks were lower on Monday after a slowdown in manufacturing sparked fresh growth concerns amid the ongoing economic recovery from COVID-19.
The ISM Manufacturing Index fell to 59.5 in July, falling short of economist expectations for a rise to 61, according to Bloomberg. July's ISM Manufacturing reading represented the lowest since January. It stood at 60.6 in June.
A reading above 50 for the ISM Manufacturing Index signals expansion in manufacturing, which represents about 12% of the US economy. The fresh growth scare led to a decline in interest rates, with the 10-Year US Treasury yield falling to 1.17%.
Here's where US indexes stood at the 4:00 p.m. ET close on Monday:
$4 jumped as much as 12% on Monday after the fintech platform $4 for $29 billion in an all-stock deal.
$4 The bank lowered its loan loss provisions as the economy continues to stage its recovery from COVID-19.
$4 or 1.3%, directly participated in its IPO last week, purchasing shares of the online trading app at $38 per share.
$4 extending a 4-day win streak to as much as 13% amid strong July delivery numbers from its Chinese competitors.
Oil prices were lower. $4 was down as much as 3.46%, to $71.39 per barrel. $4, oil's international benchmark, fell 3.14%, to $73.04 per barrel.
$4 fell 0.36%, to $1,810.70 per ounce.