Stock Market Today: Stocks Dip Despite Gains in Manufacturing, Construction
NEW YORK (TheStreet) -- U.S. stock markets dipped Tuesday afternoon after fluctuating between gains and losses for much of the day as investors returned from the U.S. Labor Day weekend to a trio of good U.S. economic reports.
The ISM manufacturing index hit a stronger-than-anticipated 59 in August, while construction spending rebounded by a more-than-forecast 1.8% in July. The Markit PMI manufacturing index, at 57.9 in August, increased to its highest level since April 2010.
Watch the video below for a look at how U.S. markets are doing in midday trading Tuesday:
Apple (AAPL) rose 0.81% to $103.33, adding to gains ahead of its Sept. 9 press event where it's widely expected to confirm that the next iPhone, which may be called the iPhone 6 or the iPhone Air, will officially go on sale later this month. United States Oil Fund (USO) was down 2.63% to $34.81 while the SPDR Gold Trust (GLD) was off 1.86% to $121.55.
Read More: Stock Market Today: S&P Books Best August Since 2000 Despite Geopolitical Threats --By Andrea Tse in New York Follow @AndreaTTse
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV