january february: The Nasdaq Composite Index COMP, -1.13% declined 70.44 points, or 0.9%, to 7,505.92, according to Market Watch. What drove the market The Beige Book's tone was subdued with 10 of the central bank's 12 districts seeing slight-to-moderate growth in late January and February. How did stock indexes fare The Dow Jones Industrial Average DJIA, -0.78% fell 133.17 points, or 0.5%, to 25,673.46, while the S&P 500 index SPX, -0.81% dropped 18.20 points, or 0.7%, to 2,771.45. The partial government resulted in slower activity in about half of the districts, affecting a range of sectors, including retail, auto sales, real estate, restaurants, and manufacturing, according to the central bank. Markets typically pay closer attention to the official government jobs report, due Friday. Payroll-service company ADP estimated that the private sector added 183,000 jobs in February, below consensus estimates of 187,500 new jobs, according to Fact Set.
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Tagged under january february, manufacturing markets topics.