NEW YORK (AP) — Signs of slowing growth in manufacturing is keeping investors’ enthusiasm in check as the final quarter of the year gets under way.
The Institute for Supply Management says its manufacturing index fell modestly in September. Activity was still expanding at U.S. factories but at a slightly lower pace.
Traders are sorting through other reports that also suggest economic growth remains sluggish.
Personal income and spending both jumped in August, but the savings rate also climbed, indicating consumers are still nervous about the economy.
The Dow Jones industrial average is up 24, or 0.2 percent, at, 10,812. The S&P 500 is up 2, or 0.2 percent, at 1,144, while the Nasdaq composite index is down 2, or 0.1 percent, at 2,367.
