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Thursday, March 2, 2023

Fundamental: Markets Today: Sharp rise in China’s PMI data; inflation concerns in the U.S. - 2 March 2023

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Alert Alert Mar 2, 2023, 11:30am
 
Fundamental: Markets Today: Sharp rise in China's PMI data; inflation concerns in the U.S. - 2 March 2023
Stocks were pressured after fresh economic data highlighted persistent inflationary pressures remain – pushing the S&P500 to close at its lowest level in six weeks after shedding 0.5%. It's the second straight day the S&P closed under its 50-day moving average. While most sectors declined within the S&P500, energy rallied strongly by nearly 2%. The strong ...
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