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Category Archives: Purchasing Managers’ Index
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.
U.S. stocks sank more than 2% Monday, their worst decline since last June, as a couple of economic reports showed slowdowns in manufacturing and auto sales last month.
The weakness in global stocks continued into the first full week of the new year.
The first trading day of 2014 didn’t come near matching the first day of 2013, which was the best performing day of last year and set the tone for the huge gains to come.
Stocks rose Monday in the U.S. and Europe on strong manufacturing data.
Stocks continued their December decline on Wednesday as investors seemed to take mostly better than expected economic reports as reason to believe that the Federal Reserve might soon begin bond tapering.
Global stock, bond and commodities markets were mostly lower on Monday to kick off December following a batch of stronger than expected economic reports from the U.S. and Europe and a weakish report on Black Friday sales.
Stock prices rose on Wednesday, led once again by tech stocks.
Stocks closed mostly lower on Tuesday as investors worried that a better than expected report on the service sector might give the Federal Reserve reason to start tapering its bond purchases earlier than investors anticipate.