Bloomberg the Company

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Follow Us

Industry Products

S&P 500 Erases Early Losses as ISM Corrects Its Data

Don't Miss Out —
Follow us on:

(Corrects economist estimate in third paragraph.)

June 2 (Bloomberg) -- U.S. stocks erased early losses after the Institute for Supply Management corrected the reading in its May factory index to show manufacturing beat estimates.

The Standard & Poor’s 500 Index rose less than 0.1 percent to 1,924.79 at 11:31 a.m. in New York after earlier dropping as much as 0.4 percent.

The ISM corrected its index to read 56 after initially reporting the gauge fell to 53.2. Economists in a Bloomberg survey had forecast a reading of 55.5.

To contact the reporter on this story: Michael P. Regan in New York at mregan12@bloomberg.net Michael P. Regan

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.