Surprise slide in manufacturing sends stocks lower - KWWL - Eastern Iowa Breaking News, Weather, Closings

Surprise slide in manufacturing sends stocks lower

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NEW YORK (KWWL) - The stock market has ended a strong third quarter with trading that reflected investors' mixed emotions about the economy.

The major indexes closed slightly lower after zigzagging through the day. Prices got a lift from the government's latest reading on the gross domestic product, then plunged on news of a surprise drop in Midwestern manufacturing.

According to preliminary calculations, the Dow Jones industrials fell 29, or 0.3 percent, to 9,712 after being down more than 100. The broader Standard & Poor's 500 index fell 3, or 0.3 percent, to 1,057. And the Nasdaq composite index fell 1, or 0.1 percent, to 2,122.

The Dow and S&P 500 ended the quarter with gains of more than 15 percent.

Volume came to 1.77 billion shares on the New York Stock Exchange, where losing stocks were ahead of gainers by about 3 to 2.

Online News Director Nate Leding

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