4/1/2024: US stocks decline as strong manufacturing data raises interest rate concerns.

US stocks slipped on 4/1/2024 amid stronger-than-expected manufacturing data, raising concerns about interest rates easing this year. The S&P 500 fell 0.2%, the Dow Jones Industrial Average lost 0.6%, and the Nasdaq composite edged up 0.1%. The unexpected growth in the manufacturing sector increased worries about inflation, potentially diminishing the Federal Reserve's intent to cut interest rates further.