Manufacturing sector expands in March

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News, Business

4.5 • 1.4K Ratings

🗓️ 1 April 2024

⏱️ 1 minutes

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Summary

Stocks close mixed; manufacturers lose jobs as output expands; construction spending ticks down; labor market reports due this week.

Transcript

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0:00.0	This is the Marketplace Minute. I'm Justin Ho.
0:05.0	Stocks were mixed on Monday. The Dow fell 6 10% percent. The S&P lost 2 10% percent,
0:12.0	but the NASDAQ rose a tenth of our percent.
0:15.2	The manufacturing sector expanded in March for the first time in almost a year and a half,
0:19.5	that's according to the Institute for Supply Management.
0:21.8	New orders increased, along with manufacturing production,
0:25.1	that said manufacturers shed jobs. In fact, ISM says employment has been contracting for several months
0:31.0	in a row. The amount of money spent on construction
0:34.0	projects fell in February from the month before, that's according to the
0:37.3	Commerce Department, spending on commercial buildings ticked down, but spending on
0:41.3	residential construction rose.
0:44.4	And on Tuesday we'll learn how many job openings were posted in February, and on Friday we'll
0:48.8	get the government's official employment tally for March.
0:51.8	Economists expect that employers added around 200,000 jobs.
0:55.4	I'm Justin Ho with the Marketplace Mement Act. You're going to.

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