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The figures follow March's disappointing report.
A disappointing report on home sales also hurt builder stocks.
"There is no question that this is a disappointing report.
The enthusiasm was enough to overcome a disappointing report on the housing market.
"Over all, I think it was a disappointing report," said Mr. Newport.
A disappointing report on August employment released last Friday bolstered that view.
This, unfortunately, is a weak and disappointing report from a toothless watchdog.
All in all, then, it was a puzzling and disappointing report.
Investors took a disappointing report on the nation's gross domestic product in stride, leaving the indexes nearly unchanged on Friday.
"Obviously, it was a disappointing report," said Bernard Baumohl, chief global economist at the Economic Outlook Group.
"Over all, it was a disappointing report," said Michelle Meyer, senior United States economist at Bank of America Merrill Lynch.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com