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Category Archives: Purchasing Managers’ Index
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.
Stocks began the second quarter much as they ended the first, closing higher, with the S&P 500 reaching another new record. The index closed up 0.7% at 1885.52, with eight of its 10 sectors rising, led by consumer discretionary stocks, … Continue reading
The latest “Beige Book” report on economic conditions in the 12 Federal Reserve districts showed “modest to moderate” growth in economic activity from January to early February, with bad weather a factor in many districts.
U.S. stocks headed in a southerly direction Wednesday as trading volume was suppressed by wicked winter weather throughout the Northeast.