div > div.group > p:first-child"> The Dow Jones Industrial Average rose 167 points —rising above 26,000 led by gains in Caterpillar and Goldman Sachs. The S&P 500 climbed 0.7 percent as the tech sector outperformed. The Nasdaq Composite outperformed, trading 1 percent higher on gains from Facebook, Amazon, Netflix and Alphabet.
The Caixin/Markit Manufacturing Purchasing Managers' Index jumped to 50.8 in March — its highest level in eight months — after economists polled by Refinitiv expected a print of 49.9. A number above 50 indicates expansion; a number below 50 shows contraction. The figures gave some much-needed relief to investors unnerved of late by fears of a global economic downturn. Early last week, equities came under pressure as bond markets indicated an impending U.S. recession.
"The cycle is extended, and the inverted curve has made us even more alert for trouble in the economy and financial markets, but we do not think trouble is imminent," Doug Peta, chief U.S. investment strategist at BCA Research, said in a note."We are not dismissing the inverted yield curve, but our other recession-indicator inputs are not confirming its warning. Given the Fed's new guidance, we expect that the next recession will not arrive before mid-to-late 2020.
Seriously CHINA DATA🤦♂️ You all think we are Morons🤦♂️
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