Manufacturing, Mortgages Extend ETF Slump
October 01, 2008 at 13:00 PM EDT
Stocks and exchange traded funds (ETFs) are trading down this morning, but for once it’s not completely related to the impending $700 billion bailout plan. Instead, it’s largely because a key measure of manufacturing in the United States fell sharply. The Institute for Supply Management’s (ISM) index fell to a reading of 43.5 in September, and [...]