US Manufacturers Can't Shake The Slowdown In China

``You wouldn't know it from looking at stocks, but the US manufacturing sector came darn close to contracting in October. Readings above 50 indicate expansion in the ISM gauge of manufacturing activity, and the October reading of 50.1 was the lowest in 29 months. Overall manufacturing activity has expanded for 34 straight months, but the pace of growth in the main ISM gauge has deteriorated for four consecutive months. '' -- Contrast with U.S. jobless claims fall more than expected.