Mixed markets with positive manufacturing data and negative construction data

From NASDAQ.: 2024-06-03 18:08:00

Stocks opened strong but closed mixed on Monday, with Dow slipping -149 points. S&P Manufacturing PMI beat expectations at 51.3, indicating growth, while ISM Manufacturing PMI fell short at 48.7%. Construction spending was -0.1% for April but up 10% year over year. This data could influence the Fed’s decision on interest rates. Tomorrow, JOLTS data is expected to show a slight decrease in job openings to 8.4 million.

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Read more at NASDAQ.: Markets Mixed on Manufacturing & Construction Data