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US Manufacturing Sector Falls Into Stagnation in August, ISM Data Shows

US Manufacturing Sector Falls Into Stagnation in August, ISM Data Shows

Activity across the US manufacturing sector fell into contraction territory in August, dropping to the lowest level in more than three years, according to a closely watched purchasing managers indicator, while another gauge edged closer to that line. The Institute for Supply Management’s manufacturing purchasing managers index fell to 49.1% […]

by × September 3, 2019 × 0 comments

Sector News

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Health Care Stocks Mixed

Health care stocks were little changed in recent trade, including a fractional loss for the NYSE Health Care Index while shares of health care companies in the S&P 500 were up slightly as a group. The Nasdaq Biotechnology index was climbing 0.7%. Among health care stocks moving on news: (-) […]

by × June 25, 2019 × 0 comments

Sector News

Raytheon, Northrop Grumman to Team Up

Raytheon, Northrop Grumman to Team Up

Raytheon (RTN) and Northrop Grumman (NOC) have signed a teaming agreement to produce and integrate Northrop Grumman’s scramjet combustors to power Raytheon’s air-breathing hypersonic weapons. Scramjet engines use high vehicle speed to forcibly compress incoming air before combustion to enable sustained flight at hypersonic speeds, a statement issued by Northrop […]

by × June 18, 2019 × 0 comments