{"id":51350,"date":"2025-08-01T10:38:40","date_gmt":"2025-08-01T14:38:40","guid":{"rendered":"https:\/\/stockmarketwatch.com\/stock-market-news\/us-stocks-fall-as-manufacturing-contracts-consumer-sentiment-mixed-oil-demand-strong\/51350\/"},"modified":"2025-08-01T10:38:40","modified_gmt":"2025-08-01T14:38:40","slug":"us-stocks-fall-as-manufacturing-contracts-consumer-sentiment-mixed-oil-demand-strong","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/us-stocks-fall-as-manufacturing-contracts-consumer-sentiment-mixed-oil-demand-strong\/51350\/","title":{"rendered":"US Stocks Fall as Manufacturing Contracts, Consumer Sentiment Mixed; Oil Demand Strong"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>U.S. main stock indices<\/strong> dropped to below two-week and one-month lows today, reflecting broader market concerns.<\/li>\n<li>The <strong>ISM Manufacturing PMI<\/strong> for July fell to <strong>48.0<\/strong>, indicating a fifth consecutive month of contraction in the manufacturing sector, with employment also declining.<\/li>\n<li><strong>U.S. consumer sentiment<\/strong> remained broadly negative in July at <strong>61.7<\/strong>, despite a slight improvement in current conditions, while inflation expectations showed mixed signals.<\/li>\n<li><strong>U.S. construction spending<\/strong> decreased by <strong>0.4%<\/strong> in June, marking a continued slide, primarily driven by a decline in private residential construction.<\/li>\n<li>Raymond James increased price targets for <strong>Apple<\/strong> (<a href=\"\/stock\/AAPL\">AAPL<\/a>) to <strong>$240<\/strong> and <strong>AbbVie<\/strong> (<a href=\"\/stock\/ABBV\">ABBV<\/a>) to <strong>$236<\/strong>, while Enbridge (<a href=\"\/stock\/ENB\">ENB<\/a>) CEO stated global oil demand is &quot;really, really strong.&quot;<\/li>\n<\/ul>\n<p>U.S. main stock indices experienced a notable decline today, falling to below their two-week and one-month lows. This downturn comes amidst a series of economic data releases painting a mixed, yet cautious, picture of the American economy.<\/p>\n<p>The manufacturing sector continued its contraction in July, with the <strong>ISM Manufacturing PMI<\/strong> registering <strong>48.0<\/strong>. This figure is lower than June&#39;s <strong>49.0<\/strong> and missed the estimated <strong>49.5<\/strong>, marking the fifth consecutive month of contraction for the sector. The Employment Index within the ISM report also dropped further into contraction, falling to <strong>43.4<\/strong> from <strong>45.0<\/strong> in June, indicating ongoing challenges for factory payrolls. While the Prices Paid Index eased to <strong>64.8<\/strong> from <strong>69.7<\/strong>, input prices continue to rise at a steep rate. New Orders, though still in contraction, saw a slight improvement to <strong>47.1<\/strong> from <strong>46.4<\/strong>.<\/p>\n<p>Meanwhile, the University of Michigan&#39;s Consumer Sentiment Index for July came in at <strong>61.7<\/strong>, slightly below the <strong>61.8<\/strong> preliminary estimate and <strong>62.0<\/strong> forecast, but still an improvement from June&#39;s <strong>60.7<\/strong>. This marks the highest sentiment level in five months, yet <em>overall confidence remains weak and broadly negative<\/em>. The Current Conditions component improved to <strong>68.0<\/strong> from <strong>66.8<\/strong>, reaching its highest level since January. However, consumer expectations declined slightly to <strong>57.7<\/strong> from <strong>58.6<\/strong>. Inflation expectations presented a mixed signal, with the 1-year outlook ticking up to <strong>4.5%<\/strong> from a previous <strong>4.4%<\/strong>, but remaining lower than the <strong>5.0%<\/strong> expected in June. The 5-10 year inflation expectations continued their decline, settling at <strong>3.4%<\/strong> from <strong>3.6%<\/strong>, marking the lowest levels since February 2025.<\/p>\n<p>In the construction sector, U.S. spending saw a <strong>0.4%<\/strong> month-over-month decrease in June, totaling an annualized <strong>$2.136 trillion<\/strong>. This continues a recent slide in new building activity, with private construction spending declining by <strong>0.5%<\/strong>. Private residential construction specifically saw a <strong>0.7%<\/strong> decline, while public construction edged up by <strong>0.1%<\/strong>.<\/p>\n<p>Despite the broader economic headwinds, some companies received positive analyst revisions. Raymond James increased its price target for <strong>Apple<\/strong> (<a href=\"\/stock\/AAPL\">AAPL<\/a>) to <strong>$240<\/strong> from <strong>$230<\/strong>, maintaining an Outperform rating. Similarly, the firm raised its price target for <strong>AbbVie<\/strong> (<a href=\"\/stock\/ABBV\">ABBV<\/a>) to <strong>$236<\/strong> from <strong>$227<\/strong>, also keeping an Outperform rating, citing a solid Q2 performance. In the energy sector, the CEO of Enbridge (<a href=\"\/stock\/ENB\">ENB<\/a>) commented that &quot;Global Oil Demand Is &#39;Really, Really Strong&#39;,&quot; suggesting a positive outlook for the energy market despite broader economic concerns.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways U.S. main stock indices dropped to below two-week and one-month lows today, reflecting broader market concerns. The ISM [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50383,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"rank_math_schema_Article":[],"rank_math_focus_keyword":[],"rank_math_description":[],"financial_data_references":[],"stock_symbols_mentioned":[],"footnotes":""},"categories":[5012],"tags":[6350,225,6561,1709,7567,3826,4223,4380,4817,5310,5959,6181],"class_list":["post-51350","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking-news","tag-abbvie","tag-aapl","tag-construction","tag-enb","tag-enbridge","tag-abbv","tag-inflation","tag-stock-market","tag-manufacturing","tag-us-economy","tag-consumer-sentiment","tag-apple"],"_links":{"self":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/51350","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/comments?post=51350"}],"version-history":[{"count":0,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/51350\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media\/50383"}],"wp:attachment":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media?parent=51350"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/categories?post=51350"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/tags?post=51350"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}