US STOCKS-S&P 500, Nasdaq fall after gloomy data; Fed officials dampen rate cut hopes

The benchmark S&P 500 and the Nasdaq fell on Thursday after weak U.S. manufacturing data raised concerns about the health of the economy, with comments from Fed officials dampening hopes of future interest rate cuts. A private survey showed U.S. manufacturing activity in August contracted for the first time in almost a decade, signs that factories are suffering from a global slowdown amid an escalating U.S.-China trade war.

source https://finance.yahoo.com/news/us-stocks-p-500-nasdaq-173148862.html?.tsrc=rss

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