The Dow slid 115 points, or 0.3%, on Monday after falling by more than 400 points earlier in the day. The S&P 500 rose 0.1% and the Nasdaq Composite added 0.6% to close out the first trading day of June. That comes after the Institute for Supply Management manufacturing index clocked in at 48.7% in May, down from 49.2% in April. A reading below 50 indicates signs of contraction in the US manufacturing industry, while a reading above that level signals expansion.
Still, all major stock indexes in May cinched their sixth winning month in seven. The Personal Consumption Expenditures price index, the Fed’s preferred inflation gauge, showed Friday that inflation stayed stubbornly high in March. PCE rose 0.3% on a monthly basis and 2.7% from the year prior, according to Commerce Department data. New gross domestic product data released last Thursday showed that the US economy expanded at a weaker pace earlier this year than initially reported.
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Changes are coming to the S&P 500 and Wall Street speculates these stocks could be addedThese stocks could be poised to join the S&P 500 when the broad index undergoes its next quarterly rebalance, according to some Wall Street analysts.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »
Top Wall Street analysts are feeling confident about these 3 stocks after earningsTipRanks’ analyst ranking service highlights Wall Street’s best-performing stocks, including Apple and Shake Shack.
Herkunft: NBCLA - 🏆 319. / 59 Weiterlesen »
Wall St Week Ahead Earnings bolster US stocks, crucial inflation report loomsNext week’s inflation data could determine whether the good vibes continue.
Herkunft: Reuters - 🏆 2. / 97 Weiterlesen »
Stock market today: Asian stocks drift after Wall Street closes another winning weekAsian stocks are mostly lower following the weekend release of weak China lending data.
Herkunft: ksatnews - 🏆 442. / 53 Weiterlesen »
Stock market today: Asian stocks drift after Wall Street closes another winning weekAsian stocks are mostly lower following the weekend release of weak China lending data. U.S. futures were mixed and oil prices fell. There were reports the Biden administration planning to raise tariffs on electric vehicles, semiconductors, solar equipment, and medical supplies imported from China. The S&P 500 rose 0.2% Friday.
Herkunft: AP - 🏆 728. / 51 Weiterlesen »
Stock market today: Asian stocks drift after Wall Street closes another winning weekAsian stocks are mostly lower following the weekend release of weak China lending data.
Herkunft: wjxt4 - 🏆 246. / 63 Weiterlesen »