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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: marginmike who wrote (37529)	5/1/2002 10:21:36 AM
From: Paul Shread	Respond to of 209892

10:03 ET ISM Index declines to 53.9% : The April ISM Index fell to 53.9% from 55.6% in March; this is worse than the 55.0% consensus. Construction Spending fell 0.9% in March, much weaker than the -0.1 consensus and also wider than the Briefing.com forecast of a 0.5% decline. Market had been hopeful that yesterday's slightly bullish Consumer Confidence data would be followed by another positive economic report. Dow (-52) has tumbled about 30 pts on the news; Nasdaq (-33.8) has lost roughly 18 pts in the minutes since the reports were released.