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Wall Street: Stocks open mixed in anticipation of manufacturing report

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The Dow is on pace for its best week of gains since July of last year.

NEW YORK – Stocks were mixed in early trading ahead of a key manufacturing report.

Economists expect that the Institute for Supply Management will report that its manufacturing index grew in June but at a slower pace than in the previous month. The ISM index plummeted in May as a result of a shortage of auto parts from Japan.

Investors will also receive reports on construction spending and auto sales by the end of the day.

The Dow Jones industrial average was down 4 points, or less than 0.1 percent, to 12,409 in early trading Friday. The S&P 500 was down 2, or 0.2 percent, to 1,321. The Nasdaq composite was flat at 2,773.

The Dow is on pace for its best week of gains since July of last year.


More details coming on MassLive and in The Republican.


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