U.S. stocks at new record due to positive manufacturing data

S&P 500 Rises to Record as Consumer, Tech Shares Rally

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  • U.S. stocks rally to record levels after positive economic data revealing the manufacturing index increased from to 53.7 in March from 53.2 a month earlier. Which brought confidence back into the market as investors claim that harsh winter slowed consumers from shopping and slowed manufacturing. “People are looking for confirmation that the weakness we saw earlier in the year was, in fact, weather-related,” Walter Todd
  • Eight of 10 main industries in the S&P 500 advanced today, with consumer-discretionary shares adding 1.4 percent to lead gains.
  • The Dow Jones Industrial Average added 0.41% to 16,524.32, while the S&P 500 increased 0.62% to 1,883.89. The Nasdaq jumped 1.5% to 4,260.69.
  • Crude Oil declines -.14% to end in 99.62. Gold gains +0.63% to 1,281.80

Categories: Equity Capital Markets

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