U.S. construction spending dips in October

Investment in U.S. construction projects declined by 0.3 percent in October, according to U.S. Commerce Department figures. The drop was in line with Wall Street expectations and followed a 0.1 percent uptick in September. Spending on single-family dwellings fell by 2.6 percent. On a year-over-year basis, investment rose by 9.2 percent in October.