The Chicago Purchasing Managers' Index rebounded from a six year-low, rising 3.7 points in March to 48.2, exceeding the estimate of 46.0. A reading below 50 indicates contraction. Cost pressures remain , with prices paid rising from 79.4 to 83.9. More from Bloomberg...
The Dow Jones Industrial Average rose 46 points (0.4%) to close at 12,263, the S&P 500 Index gained 7 points (0.6%) to 1,323, and the Nasdaq Composite advanced 18 points (0.8%) to 2,279. Crude oil fell $4.04 to $101.58 per barrel, and gold ended down $14.60 at $916.00 per ounce. For 1Q, including dividends, the DJIA lost 7.0%, the S&P 500 Index fell 9.4%, and the Nasdaq Composite dropped 13.9%.
Magnificent Seven Update
