Your English writing platform
Discover LudwigExact(60)
Its sister manufacturing report on Monday showed the worst reading since May 1982, when the country was near the end of a 16-month recession.
America's first manufacturing report of the year showed activity accelerating to the fastest level since 2004.
A regional manufacturing report from the Philadelphia Federal Reserve pointed to slumping demand and rising prices.
Shares of other financial services companies rose on the manufacturing report.
In the manufacturing report, the group's employment index, which measures employers' willingness to hire, rose 1.3 percentage points to 59.8.
The Standard & Poor's 500-stock index fell in the morning after the manufacturing report was published at 10 a.m.
But there will be plenty of economic data, including consumer confidence figures on Tuesday and a manufacturing report on Thursday.
The services report followed the institute's manufacturing report on Monday, which showed expansion there at a slightly slower pace.
The dollar fell after a weaker-than-expected manufacturing report fed expectations that the economy will slow more than Europe's.
But Norbert J. Ore, who oversees the monthly manufacturing report, warned that factories still had a lot of unused capacity.
Some economists raised their forecasts for a manufacturing report scheduled on Thursday from the Federal Reserve Bank of Philadelphia.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com