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Category Archives: Purchasing Managers’ Index
On a day dominated by economic reports – positive in the U.S., negative in the euro zone and China – global stocks were mostly higher on Thursday.
Tuesday was a day of mostly positive purchasing managers’ indexes from around the globe but the good news wasn’t enough to prevent U.S. stocks from resuming last week’s downtrend.
In a day heavy with economic reports and forecasts, U.S. stocks finished largely unchanged while foreign stocks continued to rise.
Buoyed by some positive economic numbers from the U.S. and China, global stocks started off the third quarter strongly higher on Tuesday.
U.S. stocks were modestly higher and international markets narrowly mixed on Wednesday as investors and traders bided their time ahead of Thursday’s European Central Bank meeting and Friday’s U.S. employment report for May.
Up at the open, stock prices stumbled a bit after erroneous ISM manufacturing data for May was released at 10:00 NYT. When corrected figures were released – showing that manufacturing actually accelerated slightly last month – stock prices recovered some … Continue reading
Down 130 points or 0.8% shortly after today’s opening bell, the Dow Jones Industrial Average fought its way back to a gain of 18 points or 0.1% Monday. NASDAQ, largely on today’s buying of biotech stocks (+1.8%), rose 0.3% for … Continue reading
On a day when most of the world’s markets were closed for the May Day holiday, U.S. stocks finished narrowly mixed on Thursday.
U.S. stocks had their first down day in April and for the week on Thursday, likely due to profit-taking prompted by some weakish economic reports released today.