The S&P 500 and the Dow Jones Industrial Average jot down new record closing highs Monday following a measure of factory activity met expectations.
Dow climbed 26.5 points or 0.16%, to 16,743 while the S&P 500 accelerated 1.4 points or 0.07%, to 1,924. But the Nasdaq Composite dropped 5.4 points or 0.13%, to 4,237.
The Dow and S&P 500 concluded May with all-time closing highs. However, trading volume was light because the Wall Street began its conventional summer doldrums.
June started with improving China figures as its purchasing manager’s index escalated to 50.8 in May from 50.4 in April.
In the United States, the Institute for Supply Management corrected its manufacturing gauge twice, which caused some confusion on Wall Street. The final correction reflected the metric climbed 55.4 in May, previously 54.9. Readings above 50 signify expansion while below 50 denotes contraction.
The material has been provided by InstaForex Company – www.instaforex.com
The S&P 500 and the Dow Jones Industrial Average jot down new record closing highs Monday following a measure of factory activity met expectations.
Dow climbed 26.5 points or 0.16%, to 16,743 while the S&P 500 accelerated 1.4 points or 0.07%, to 1,924. But the Nasdaq Composite dropped 5.4 points or 0.13%, to 4,237.
The Dow and S&P 500 concluded May with all-time closing highs. However, trading volume was light because the Wall Street began its conventional summer doldrums.
June started with improving China figures as its purchasing manager’s index escalated to 50.8 in May from 50.4 in April.
In the United States, the Institute for Supply Management corrected its manufacturing gauge twice, which caused some confusion on Wall Street. The final correction reflected the metric climbed 55.4 in May, previously 54.9. Readings above 50 signify expansion while below 50 denotes contraction.
The material has been provided by InstaForex Company – www.instaforex.com
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