ISM index

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May Starts Slowly; Dow Up 41

April employment report is next key metric for investors

(Newser) - Stocks closed moderately higher today after a seesaw session with light trading volume, the Wall Street Journal reports. After a strong April, investors are trying to predict how a recovery—or the lack of one—will play out, and are anticipating ADP’s April employment report, due next week. Manufacturing... More »

Construction Spending Tumbles

Spending falls at fastest rate since 1994

(Newser) - Construction spending fell at its fastest rate in 14 years in January, the Commerce Department announced today, shattering expectations with a 1.7% drop. Analysts had expected just a 0.7% decline, the Wall Street Journal reports. Residential spending was the big drag, falling 2.9%, but non-residential spending was... More »

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