US STOCKS-Wall St starts new quarter on subdued note

lunes 3 de octubre de 2016 09:54 GYT
 

* Purchasing Managers Index report due at 10:00 a.m. ET

* Cabela's soars after agreeing to be bought for $5.5 bln

* Indexes down: Dow 0.43 pct, S&P 0.34 pct, Nasdaq 0.16 pct (Updates to open)

By Yashaswini Swamynathan

Oct 3 (Reuters) - U.S. stocks started the fourth quarter on a subdued note, weighed down by healthcare and consumer stocks.

The S&P 500 healthcare index fell 0.7 percent, the most among the 10 major S&P indexes that were lower, due to declines in Pfizer and Merck.

Consumer staples fell 0.59 percent, dragged down by Procter & Gamble and PepsiCo.

The Purchasing Managers' Index (PMI) from the Institute of Supply Management is expected to show that factory activity expanded in September after having contracted in August.

Investors are also on the lookout for news from Deutsche Bank, which is working to reach a settlement with U.S. authorities who have demanded a fine of up to $14 billion from the bank for mis-selling mortgage-backed securities.   Continuación...