U.S. stocks rose, bouncing back after their biggest weekly decline since February. Consumer discretionary shares were among the biggest gainers in the S&P 500, rising 1.4%. Wynn Resorts climbed 6.6%, Amazon.com rose 3.8% and Newell Brands increased 3.5%. Stock gains have slowed after major U.S. indexes rebounded from February lows, a rally spurred by rising oil prices and the U.S. Federal Reserve's softer stance on raising interest rates. Institute for Supply Management said its index of manufacturing fell to 50.8 in April from 51.8 in March. A reading above 50 indicates that factory activity is expanding. Meanwhile, a final purchasing managers index for the eurozone's manufacturing sector was revised upward to 51.7 from 51.5, pointing to a modest pickup in activity. The Stoxx Europe 600 inched lower 0.1%. Trading in Europe was quiet, with markets in the U.K. and Ireland closed for a holiday.
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