Stocks Pull Back After September factory activity hits a 10-year low

(Reuters) Wall Street’s main indexes shed as much as 1% on Tuesday after data showed U.S. factory activity shrank in September to its weakest in more than a decade, deepening worries about the impact of a U.S.-China trade war on the world’s largest economy.

The indexes gave up early gains after the manufacturing activity index showed a reading of 47.8, according to the ISM report, falling further from August’s sharp contraction and below economists’ expectations of 50.1. A reading below 50 indicates contraction.

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