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Manufacturing Activity

All articles tagged with #manufacturing activity

finance2 years ago•4 min saved

"US Stocks Open Lower as 10-Year Treasury Yield Rises: Live Updates"

US stocks opened lower as investors focused on interest rates and earnings season, with the Dow Jones Industrial Average dropping 0.4% and the S&P 500 shedding 0.5%. Goldman Sachs reported a fourth quarter earnings jump of 51% year-over-year, while Morgan Stanley's shares dipped more than 3% despite a revenue beat. The New York Federal Reserve's Empire State Manufacturing Survey showed a plunge in activity to its lowest level since May 2020, and Tesla's CEO Elon Musk stated his preference to build artificial intelligence and robotics products elsewhere unless he has roughly 25% voting control at the company.

via Yahoo Finance|

#earnings-season #finance #interest-rates

economics2 years ago•1 min saved

"New York Fed's Empire State Manufacturing Index Hits Record Low in January"

The New York Federal Reserve's Empire State business conditions index, a measure of manufacturing activity, plummeted to its lowest level since May 2020, raising concerns about the U.S. manufacturing sector. The index for new orders and shipments dropped significantly, while employment and hours worked contracted. Despite a slight increase in optimism, the surprise decline has sparked doubts about the sector's performance. Economists caution that the month-to-month swings in regional Fed manufacturing surveys are mostly noise, and the market reacted with stocks opening lower and the 10-year Treasury yield rising to 4% in early morning trading.

via MarketWatch|

#economics #empire-state-index #interest-rates