VWO - China's Big Gain Lifts Asia Markets Europe Mostly Up While Gold Trades Above $2040 - Global Markets Today While US Slept | Benzinga
On Monday, February 5th, U.S. stock markets closed in red as Federal Reserve Chair Jerome Powell strongly dismissed rumors of upcoming rate cuts.
In economic data, the ISM services PMI in the U.S. climbed to 53.4 in January, up from 50.5 the previous month, surpassing the market’s expectations of 52.
Among the 11 key S&P sectors, only technology and healthcare saw advances, while materials, utilities, and real estate stocks recorded the most significant losses.
The Dow Jones Industrial Average declined 0.71% and closed at 38,380.12, the S&P 500 slipped 0.37% to 4,942.81, while the Nasdaq Composite was down 0.20%, ending the session at 15,597.68.
Related: Fed’s Kashkari Echoes Powell’s ...