Dow Falls 150 Points; ISM Manufacturing PMI Rises In January
1. U.S. stocks dropped, with S&P 500 down 0.89%. Manufacturing PMI rose unexpectedly to 50.9. 2. Health care shares gained 0.3%; tech shares decreased by 1.7%. Economic indicators show mixed signals. 3. Owens & Minor shares fell 25% on disappointing earnings guidance. Negative sentiment affects related sectors. 4. Asian markets closed lower; European indices also faced declines. Ongoing global economic uncertainty persists. 5. Construction spending rose 0.5%, signaling potential resilience in the economy. This could reflect broader economic trends.