On Monday, Wall Street opened mixed.
After a while of trading, the Dow Jones index was down 0.03 percent, the Nasdaq was up 0.2 percent, and the S&P 500 index was up 0.2 percent.
Bloomberg told Apollo Managementin a semiconductor company planning a five billion dollar investment to Intel.
Intel’s stock went up nicely.
On Wednesday of last week, the Federal Reserve’s Open Market Committee lowered its key interest rate by 0.50 percentage points to a range of 4.75-5.00 percent.
The decline was the first in four years, and the stock market saw it rise last week. The Dow ended at an all-time high last week, and the other major indexes also gained more than a percent.
On Monday, new readings of the S&P Global purchasing managers’ index were published in the United States.
The industrial purchasing managers’ index fell to 47.0 in September. Last month, the index read 47.9, and the consensus of economists collected by Bloomberg predicts a reading of 48.6.
The services purchasing manager index fell to 55.4 in September. In August, the index read 55.7, and economists predict a reading of 55.2 in September.
The combined purchasing managers’ index fell to 54.4. Last month it was reading 54.6 and the forecast was 54.3.
Source: www.arvopaperi.fi
