NEW YORK (MarketWatch) -- U.S. stock futures slid further Wednesday after a gauge of manufacturing activity in the New York region weakened some in September from the month before. Analysts had expected the New York Federal Reserve Bank's Empire State Manufacturing index to gain. Futures for the Dow industrials were off 50 points to 10,480.. S&P 500 futures were down 5.9 points at 1,109.9, and Nasdaq 100 futures dropped 7.5 points to 1,915.00.
WASHINGTON (MarketWatch) -- Conditions for manufacturing in the New York region softened a bit in September from August and remained well below levels of earlier in the summer, the New York Federal Reserve Bank said Wednesday. The bank's Empire State Manufacturing index fell to 4.1 in September from 7.1 in August. This is the lowest level since July 2009. Economists had forecast a small gain to 7.5. While positive, the index is well below the high of 31.9 in April and 19.6 in June and suggests growth at a tepid pace. The details of the report were stronger than the headline. After falling below zero last month, the new orders index turned positive. The employment index improved slightly
WASHINGTON (MarketWatch) -- Prices of goods imported into the United States increased 0.6% in August in the largest gain since April, the Labor Department reported Wednesday. Fuel-import prices rose 1.7% in August, led by a 2.1% increase in petroleum prices. Meanwhile, prices for non-fuel imports rose 0.3%, driven by higher prices for finished goods and foods, feeds and beverages. Import prices are up 4.1% in the past year, the smallest 12-month gain since November 2009. Over the past year prices for fuel imports are up 9.1%, while prices for non-fuel imports are up 2.9%. Export prices rose 0.8% in August, the largest gain since April. Prices for agricultural exports rose 4.2%, the largest increase since June 2009. Meanwhile, prices for non-agricultural exports rose 0.5%. For the year, export prices are up 4.1%. In July, overall import prices rose 0.1%, while export prices fell 0.2%.