Wall Street struggled to stay in positive territory on Wednesday after a gauge of business activity in America’s mid-west unexpectedly shrank last month.
The Institute for Supply Management-Chicago business barometer fell to 46.1 in September from 50 in August after economists had forecast a reading of 52.
A reading above 50 indicates expansion in the regional economy.
US stocks had initially opened higher after data showed the country’s economy contracted at a slower pace than previously thought, setting stocks up for their seventh straight monthly gain.
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Alfonso Esparza