Some of the strongest action was in the oil market, where the price of crude jumped roughly 3%. Treasury yields ticked higher in the bond market.

NEW YORK (AP) — U.S. stocks are drifting on Monday following some discouraging updates on U.S. manufacturing, the area of the economy that President Donald Trump is trying to revive through his trade war and tariffs.

The S&P 500 was 0.3% lower in midday trading. The Dow Jones Industrial Average was down 236 points, or 0.6%, as of 11:30 a.m. Eastern time, and the Nasdaq composite was less than 0.1% lower.

Stocks dipped after a report from the Institute for Supply Management said U.S. manufacturing activity shrank by more last month than economists expected. Trump has been warning that U.S. businesses and households could feel some pain

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