Philly Fed Manufacturing Unexpectedly Falls in May

May 16 (Bloomberg) -- Bloomberg's Scarlet Fu reports that manufacturing in the month of May for the Philadelphia region unexpectedly contracted for the first time in three months to minus 5.2 from 1.3 the prior month and also runs down the day's other economic data. She speaks on Bloomberg Television's "Market Makers."
Stocks Hover Near Highs of the Day
06:23 - Bloomberg's Matt Miller updates the latest markets news. He reports on "Bloomberg Markets." (Source: Bloomberg)
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