The Dow Industrials are struggling to bounce back from lows following a disappointing Empire State Manufacturing index report this morning, with the Dow Industrials futures currently off 21 points at 10,588, a bit better than the 27 points reported earlier in the morning.
New York state manufacturers’ general business conditions index fell 13 points from April to May, to 19.1, the New York Federal Reserve Bank said, way below expectations for a 30 reading. New orders and shipments indicators were also below April. However, the survey does mark the tenth consecutive month of improvement in the index.
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