STORY: Wall Street ended mixed on Monday, following soft manufacturing sector data and after a glitch on the New York Stock Exchange briefly caused trading halts in several stocks.
The Dow lost three-tenths of a percent, the S&P 500 gained about one-tenth and the Nasdaq climbed more than half a percent.
A glitch at the NYSE triggered massive swings in shares of Berkshire Hathaway and Barrick Gold. Trading was halted in at least 60 stocks before the technical issue was fixed and activity resumed.
Markets also weighed data from the Institute for Supply Management showing that U.S. manufacturing activity had slowed for the second straight month in May, raising concerns of weakening economic growth.
Traders now see a better chance the Federal Reserve will cut rates in September following the manufacturing data, according to the CME’s FedWatch tool.
Matt Rowe is head of portfolio management and cross-asset strategies at Nomura Capital…
