Stock market today: Stocks trade mixed to kick off June after weak manufacturing data
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US stocks kicked off June with mixed trades as investors digested weaker-than-expected manufacturing data. The ISM Manufacturing index came in at 48.7%, below estimates of 49.6% and last month's reading of 49.2%. Construction spending was down 0.1% in April, below economist expectations for a gain of 0.2%. The S&P Flash US Manufacturing PMI came in at 51.3 in May, slightly ahead of the median forecast of 50.7. The mixed data led to a mixed stock market, with the Nasdaq 100 gaining, the S&P 500 remaining flat, and the Dow Jones Industrial Average moving slightly lower. Investors are now looking ahead to a busy week of macro data, including the May jobs report.
#StockMarket #ManufacturingData #IsmManufacturingIndex #ConstructionSpending #S&pFlashUsManufacturingPmi #Nasdaq100 #S&p500 #DowJonesIndustrialAverage #MayJobsReport
https://markets.businessinsider.com/news/stocks/stock-market-news-today-weak-ism-manufacturing-macro-data-jobs-2024-6
Markets Insider /
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2024-06-04 06:59:38
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wss://relay.damus.ioPublished at
2024-06-04 06:59:38Event JSON
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"content": "Stock market today: Stocks trade mixed to kick off June after weak manufacturing data\n==========\n\nUS stocks kicked off June with mixed trades as investors digested weaker-than-expected manufacturing data. The ISM Manufacturing index came in at 48.7%, below estimates of 49.6% and last month's reading of 49.2%. Construction spending was down 0.1% in April, below economist expectations for a gain of 0.2%. The S\u0026P Flash US Manufacturing PMI came in at 51.3 in May, slightly ahead of the median forecast of 50.7. The mixed data led to a mixed stock market, with the Nasdaq 100 gaining, the S\u0026P 500 remaining flat, and the Dow Jones Industrial Average moving slightly lower. Investors are now looking ahead to a busy week of macro data, including the May jobs report.\n\n#StockMarket #ManufacturingData #IsmManufacturingIndex #ConstructionSpending #S\u0026pFlashUsManufacturingPmi #Nasdaq100 #S\u0026p500 #DowJonesIndustrialAverage #MayJobsReport\n\nhttps://markets.businessinsider.com/news/stocks/stock-market-news-today-weak-ism-manufacturing-macro-data-jobs-2024-6",
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