Stock indexes, including S&P 500 and Dow Jones, closed higher on Monday as US manufacturing data showed strength. E-mini futures also rose, reflecting optimism about the economic outlook. Energy producers faced pressure due to a drop in crude oil prices. Cryptocurrency stocks retreated as Bitcoin hit a 9.75-month low. China’s economic weakness also impacted global stocks negatively.

The US Jan ISM manufacturing index exceeded expectations, rising to 52.6, the strongest growth in over 3.25 years. Atlanta Fed President’s comments hinted at a mildly restrictive stance on policy rates, projecting no rate cuts for 2026. Overseas, Euro Stoxx 50 rose, but Shanghai Composite and Nikkei Stock 225 fell.

Earnings season sees positive outcomes, with 78% of S&P 500 companies beating expectations. However, uncertainty looms over the US government shutdown and tariff news. Interest rates show potential for a rate cut, while European bond yields remain mixed. European economic data supports a cautious outlook. Stock movers include chip makers, AI infrastructure, airlines, and energy producers.

Cryptocurrency-exposed stocks, natural gas producers, and various other companies faced declines. Industrial stocks like Caterpillar saw gains, while Walt Disney and Humana faced losses. Earnings reports from companies like AMD, Amgen, PayPal, and Pfizer are expected this week. Market focus remains on economic indicators and geopolitical developments.

Read more at Nasdaq: Stocks Climb as Solid US Manufacturing News Bolsters Economic Optimism