Stocks rise after US ISM Services report eases price pressures

From Nasdaq: 2024-04-03 13:06:08

The S&P 500, Dow Jones, and Nasdaq are all up this morning, rebounding from early losses. The US Mar ISM services index unexpectedly declined, easing price pressures. Fed Chair Powell’s comments are awaited. Markets initially pressured by 10-year T-note yield rise post stronger-than-expected Mar ADP employment report. Stock movers include Western Digital, Ford, and Booking Holdings. Intel and Ulta Beauty face losses. Overseas markets vary. Interest rates rise on ADP employment report. European government bond yields are higher. US Mar CPI eases. ECB rate cut not expected in April. Earnings reports today include Acuity Brands and Novagold Resources.



Read more at Nasdaq: Stocks Rebound on a Dovish US ISM Services Report