A gauge of U.S. business investment plans rebounded solidly in June, suggesting the drag on manufacturing from capital spending cuts was starting to ebb.

The trade deficit in the U.S. widened in September as exports cooled from a record, highlighting how weakening global growth will affect the world’s largest economy.
U.S. equity-index futures gained, signaling the gauge will recoup some of yesterday’s losses, and copper rose with oil amid signs economies in China and the euro area are strengthening. Treasuries fell and the yen weakened.
The S&P 500 sank 1.5 percent to 1,935.09 at 4 p.m. in New York, the lowest level since Aug. 12. Today’s slide was the biggest in almost three weeks. Selling accelerated in afternoon trading as index futures contracts expiring in December slipped below 1,940, a level where two previous declines had ended earlier today.
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U.S. stocks fell, with the Standard & Poor’s 500 Index poised to end a five-week stretch of gains after retail sales climbed at the fastest pace in four months.
Caterpillar said today the industry remains “weak” and order levels are still low.
Caterpillar said today the industry remains “weak” and order levels are still low.
Some Republicans say the private sector can offer what the bank gives foreign companies seeking U.S. products.