Investors on Edge as Soft Economic Data Poses Threat of Downward Breakout

Stocks fell Thursday after soft ISM data showed a surprise contraction in U.S. manufacturing. Investors were already on edge ahead of August jobs data tomorrow morning, which comes at a critical time for markets given the Fed's focus on data dependence and indexes threatening to breakout of their tight August trading range.

The S&P 500 traded near 2160 heading into mid-day, closer to the August low near 2147 than the high at 2194.

You May Also Be Interested In

• Global S&P Futures up in premarket
• Visa (V) stock rises as Q2 earnings, revenue come ahead of estimates
• Hilton Worldwide (HLT) PT Raised to $205 at Macquarie, 'we await a better entry point'