The Index of Leading Economic Indicators rose 1.0% in April, topping the 0.8% increase that economists expected, and March's decline was revised from -0.3% to -0.2%. The largest negative contributors were building permits and a drop in the money supply.
The Philly Fed Manufacturing Index improved from -24.4 in April to -22.6 in May. New orders declined from -24.3 to -25.9 but employment improved from -44.9 to -26.8. Prices received rose from -41.4 in April to -33.8 in May and prices paid showed improvement, narrowing from -31.5 to -22.8. More from Bloomberg...
The Dow Jones Industrial Average lost 130 points (1.5%) to close at 8,292, the S&P 500 Index fell 15 points (1.7%) to 888, and the Nasdaq Composite dropped 33 points (1.9%) to 1,695. Crude oil fell $1.08 to $60.96 per barrel, and gold rose $15.90 to $954.55 per ounce.
Magnificent Seven Update
Daily Update Of Open Positions...Stocks & ETFs
