At the Associated Press, Christina Rexrode placed the blame for Monday's mediocre performance in the stock market squarely and obviously where it belonged: "Stocks struggled to stay out of the red in quiet holiday-week trading after a trade group said American manufacturing shrank in June for the first time in almost three years." The trade group involved is the Institute for Supply Management. Its manufacturing index dropped from 53.5% in May to 49.8% in June. Any reading below 50% represents contraction. Analysts expected that it would come in at between 52% (per Business Insider's email) and 52.5% (according to Zero Hedge).
Apparently the people who write CNNMoney's emails didn't want their readers to know the truth, as will be seen after the jump.