Manufacturing sector contracts for the first time in nearly a decade, according to IHS Markit

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Manufacturing sector contracts for the first time in nearly a decade, according to IHS Markit
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Stocks traded higher on hopes the Fed chief will confirm expectations of easier monetary policy at a central banking summit this week.

Spencer Platt | Getty Images U.S. manufacturer growth slowed to the lowest in almost 10 years in August, the latest sign that the trade war may be exacerbating the economic slowdown. The U.S. manufacturing PMI was 49.

9 in August, the lowest level in 119 months, according to IHS Markit.
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