US Stock Indices: Mixed Performance as the Market Digests Economic Data
CryptoNewsTerminal Staff04 Sep, 2024
US Stock Indices: Mixed Performance as the Market Digests Economic Data
The Dow Jones Industrial Average gained 0.09%, the S&P 500 fell 0.16%, and the Nasdaq Composite slid 0.30% on Wednesday. The Dow's gain was primarily driven by Boeing and Caterpillar. Investors were digesting a series of economic data, including the ADP National Employment Report, which showed that private payrolls increased by 208,000 in January, beating estimates. However, the Institute for Supply Management's non-manufacturing PMI declined to 55.2 in January, indicating a slowdown in the services sector. Mixed earnings results also contributed to the market's indecisiveness.
