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Global stocks rallied on Monday, with the Nasdaq approaching its June record high, driven by renewed optimism around artificial intelligence. Investors also reacted positively to a fourth consecutive decline in global oil prices.
The US S&P Global composite PMI climbed to 56 in August from 54.5 in the previous month, marking the strongest growth since April 2022.
U.S. stocks traded mixed midway through trading, with the Nasdaq Composite falling over 100 points on Wednesday. The Dow traded up 0.79% to 54,514.16 while the NASDAQ fell 0.44% to 26,467.77. The S&P 500 also fell, dropping, 0.07% to 7,731.26. Leading and Lagging Sectors Materials shares jumped by 2% on Wednesday. In t
U.S. stocks traded mixed midway through trading, with the Dow Jones index gaining more than 100 points on Friday. The Dow traded up 0.20% to 51,815.71 while the NASDAQ declined 0.13% to 25,105.02. The S&P 500 also rose, gaining, 0.04% to 7,411.02. Leading and Lagging Sectors Real estate shares jumped by 2.3% on Friday.
U.S. stocks traded higher this morning, with the Nasdaq Composite gaining more than 150 points on Monday. Following the market opening Monday, the Dow traded up 0.10% to 52,953.74 while the NASDAQ rose 0.70% to 26,012.78. The S&P 500 also rose, gaining, 0.37% to 7,510.96. Leading and Lagging Sectors Information technol
(confirms 5th month of expansion)
**Consensus expectations: - 03:45 (IT) Italy Jun Manufacturing PMI: 52.4e v 52.9 prior - 03:50 (FR) France Jun Final Manufacturing PMI: 50.7e v 50.7 prelim - 03:55 (DE) Germany Jun Final Manufacturing PMI: 50.0e v 50.0 prelim - 04:00 (EU) Euro Zone Jun Final Manufacturing PMI: 51.3e v 51.3 prelim - 04:00 (GR) Greece Ju
**All times listed for economic events are denominated in Eastern Standard Time (Add 4 hours for GMT equivalent) ***As always times are subject to change*** **Economic data** - (RO) Romania Jun International Reserves: No est v $77.0B prior - (AR) Argentina Jun Government Tax Revenue (ARS): No est v 21.513T prior - (ZA)
Crude oil prices fall over 1% as US manufacturing PMI surges in June
Euro zone preliminary June manufacturing PMI comes in at 51.3, services PMI at 48.9, and composite PMI at 49.5