Wall Street retreats on PMI, Dow Jones slides 241 points
NEW YORK, New York - U.S. stocks mostly gave up ground on Monday as strong economic data pushed Treasury yields higher.
The Institute for Supply Management (ISM) reported its manufacturing PMI rose to 50.3 in March, the highest and first reading above 50 since September 2022. It was recorded at 47.8 in February. The data indicates the manufacturing sector, which has been hit hard by higher interest rates, is bou