Friend U.S. Stocks Plunge in the Wake of Alarming Manufacturing Data | Tradinggods.net

[TradingGods.net Logo] ****Advertisement***** [New Whiskey Brand with Celebrity Backing. Here's the Best Way to Invest]( Investors have been patiently awaiting the next big thing to follow the energy drink mania of a few years ago. It's finally here. Craft distilleries are popping up all over the United States. Yet, there's only one with big-time celebrity backing. It's latest whiskey offering is being hailed as one of the most successful liquor brand launches in the last 15-20 years. [More details here...]( *****Advertisement***** Dear Trading God Friend, Stocks decline sharply on Tuesday following ISM manufacturing report. The U.S. stock market plunged anew on Tuesday after a report on manufacturing showed the nation’s producers entered recession at the end of the third quarter. All of Wall Street’s major indices finished in negative territory. The Dow Jones Industrial Average (NYSEARCA:DIA) fell 343.79 points, or 1.3%, to 26,573.04. The blue-chip index was down as much as 356 points earlier in the day. The broad S&P 500 Index (NYSEARCA:SPY) fell 1.2% to close at 2,940.25. All 11 primary sectors reported declines. Meanwhile, the technology-focused Nasdaq Composite Index (NYSEARCA:QQQ) closed down 1.1% at 7,908.68. A measure of 30-day volatility known as the CBOE VIX (NYSEARCA:VXX) surged on Tuesday. The so-called “fear index” peaked at 18.62 on a scale of 1-100 where 20 represents the historic average. VIX would eventually settle up 12.6% at 18.28. In economic data, the U.S. manufacturing sector plunged into recession last month, as demand, consumption and inputs contracted. The Institute for Supply Management’s manufacturing purchasing managers’ index (PMI) weakened to 47.8 in September from 49.1 the month before. On the PMI scale, anything below 50 signals contraction. “Global trade remains the most significant issue, as demonstrated by the contraction in new export orders that began in July 2019. Overall, sentiment this month remains cautious regarding near-term growth,” said Timothy Fiore, the report’s director. Separately, U.S. construction spending rose just 0.1% in August after flat-lining the month before, the Department of Commerce reported Tuesday. The Final Word: The U.S. manufacturing sector has now contracted for two straight months, according to ISM data, setting the stage for a full-blown recession in the world’s largest economy. It remains to be seen whether the manufacturing downturn will spill over into other segments of the economy. We'll talk soon, Dan Dan The Trading God *****Advertisement***** [Bill O'Reilly's Secret Source of Wealth]( Shocking Footage Caught on Camera. You've NEVER Seen Bill Like This. [Click Here to Watch Now.]( *****Advertisement***** [Ridgeline Media Group LLC BBB Business Review]( Disclaimer: The content included herein is for educational and informational purposes only, and readers agree to TradingGods.net [Disclaimer,]( [Terms of Use,]( [Privacy Policy]( before accessing or using this or any other publication by TradingGods.net or Ridgeline Media Group, LLC. Ridgeline Media Group, LLC does not endorse any products that may be advertised in this email. If you no longer wish to receive our emails, click the link below: [Unsubscribe]( Ridgeline Media Group LLC 70 SW Century Drive Suite 100-148 Bend, Oregon 97702 United States Media Group, LLC/html