Now, for our analysis of the 15 reasons markets moved this week:
Monday
1) ISM report. The Institute for Supply Management’s index of non-manufacturing businesses increased to 53.3 in August, up from 52.7 in July. Economists had forecast the gauge would drop in August to 51, heading dangerously close to 50, anything below which signals contraction. The report followed last week’s ISM report, which had manufacturing increasing as well, but that wasn’t enough to give markets a boost today, as the euro-zone debt crisis continued to be a drag on the markets.
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