US STOCKS-Wall St slips after disappointing manufacturing data
* Both S&P 500 and Dow coming off all-time closing highs
* S&P targeting record intraday high of 1,576.09
* Tesla Motors rallies after profit outlook
* With European markets closed, quiet day expected
* Indexes: Dow up 0.1, S&P down 0.2 and Nasdaq down 0.3
By Ryan Vlastelica
NEW YORK, April 1 (Reuters) - U.S. stocks fell modestly on Monday after weaker-than-expected U.S. manufacturing data and the Dow and S&P 500 slipped from record closing highs reached on Thursday.
The Institute for Supply Management's March reading on manufacturing came in at 51.3, down from analysts' average forecast of 54.2. A figure above 50 indicates expansion by the sector.
In a separate report construction spending rose more than expected in February, gaining 1.2 percent, compared with forecasts of a 1 percent rise. Continued...