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Other names in the sector declined as investors fretted about the overall well-being of financial concerns.
Both large and small manufacturers have benefited, particularly from free trade agreements, though employment in the sector declined as a result of automation.
Earnings in the sector declined by 6 percent for men, as they took lower-paying jobs, but stayed flat for women.
The purchasing managers' index (PMI) for manufacturing, based on a survey of the sector, declined to 52.7 in November, from a revised 55.2 in October.
The yield of the PowerShares Senior Loan exchange-traded fund, which invests in the sector, declined to 3.7 percent by the end of June from more than 5 percent a year earlier.
The number of deals attracting venture capital in the sector declined, however, by 13percentt from 79to6969.
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With losses mounting, and confidence in the sector declining in the current economic environment, we could see this bullish sentiment unwind in the form of added selling pressure.
With losses mounting, and confidence in the sector declining in the current economic environment, we could see this optimism unwind in the form of added selling pressure.
The S.& P. was weak across the board, with consumer discretionary, industrials and materials among the sectors declining more than 1 percent.
"Productivity in the public sector declined in the past decade at the same time that it was improving in the private sector".
The Institute for Supply Management index for the nonmanufacturing sector declined to 52.7 in July, the lowest level since February 2010.
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