Economics
Stocks End Flat as Treasuries, Dollar Advance: Markets Wrap
- Lousy PMI numbers knock confidence despite easing trade fears
- Dollar advances versus euro, pound; oil steady near $58
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U.S. stocks ended slightly lower in thin trading amid American data that was largely in line with estimates and more assurance that Federal Reserve officials stand ready to act if needed. Treasuries rose.
The S&P 500 fell less than a point, notching a second straight drop even after getting a boost from IHS Markit data that signaled the U.S. economy remains the global leader. Volume was 28% below the 30-day average. Data from Germany and France fell far short of estimates, sending stocks in the region down 0.8%. U.S. futures had been higher overnight on signs of easing trade tensions. American money-market interest rates held steady.