Wall Street Pulls Back From Record After Weak Data

Category: Markets / Finance / Apr 01, 2013 4:24PM EDT
Stocks fell in light volume on Monday, pulling back after the S&P 500's record closing high last week and weaker-than-expected manufacturing data. The Institute of Supply Management's monthly reading on the U.S. manufacturing sector came in at 51.3 in March, down from 54.2 in February. A separate report showed HSBC's manufacturing index rose to 51.6 from 50.4 in February, slightly weaker than its initial "flash" estimate of 51.7. The Dow Jones industrial average .DJI fell 5.69 points or 0.04 percent, to 14,572.85, the S&P 500 .SPX lost 7.03 points or 0.45 percent, to 1,562.16 and the Nasdaq Composite .IXIC dropped 28.35 points or 0.87 percent, to 3,239.17. (Video Source: REUTERS)