You can now read 5 articles in a month for free on Read as much as you want anywhere and anytime for just 99¢.


Factory data fail to impress investors

Continue reading below

The market got off to a slow start for April, edging lower after the S&P 500 eclipsed its record high last week. The catalyst was a slowdown in manufacturing growth last month. The decline was worse than forecast. Stocks started falling shortly after the report came out at 10 a.m. Industrial companies fell 1%, the most in the S&P. Investors have higher expectations for the US economy this year, said JJ Kinahan, at TD Ameritrade: ‘The numbers have to be outstanding in order to drive the market higher.’ Historically, April is the second-strongest month, after December, Deutsche Bank says; the S&P 500 has gained an average of 1.4% in April since 1960.

Loading comments...

Wake up with today's top stories.

Want each day's news headlines delivered fresh to your
inbox every morning? Just connect with us
in one of the following ways:
Please enter a valid email will never post anything without asking.
Privacy Policy
Subscriber Log In

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of
Marketing image of