AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Manufacturing Growth Slowing
1ISM's national index fell 1.9 points in April to 53.3, the 9th drop in 11 weeks and the lowest since July '03. Economists expected little change. Indexes for orders and jobs also fell to near-2-year lows. The index has held over the boom-bust 50 mark for 23 months, the longest string in 16 years. But it doesn't offer more evidence that the U.S. expansion is slowing. More on this page, A2
Oil Rebounds Back Over $50
2After closing below $50 for the first time in 2 months on Friday -- and trading as low as $49.17 overnight -- near-month crude rallied late to close up $1.20 to $50.92 a barrel. OPEC oil to be shipped in the 4 weeks to May 14 rose by 170,000 barrels a day. For the 2nd straight week, U.S. retail gasoline prices fell 0.1 cent, to $2.235 a gallon. They peaked at $2.321 in mid-April. More on B13
Indexes End Near Session Highs
3Stocks rose early, pulled back and rallied late for modest gains. The Dow rose 0.6%, the S&P 500 0.5%. Small caps led as the S&P 600 gained 1.3% to close above its 200-day average. The Nasdaq added 0.4%. Volume on both exchanges eased ahead of Tuesday's Fed meeting. The 10-year Treasury yield fell to 4.19%. More on this page, B2
Iraq PM Seen Filling Gov't Posts