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Benzinga
Benzinga
Business
Henry Khederian

Markets Rally Into Close To Get New Month Started On Positive Note

Nasdaq ISM NYSE US Federal Reserve China Covid-19 Dow Jones Russia United States

U.S. indices rallied into Monday's close as stocks recovered following Friday's weakness. Federal Reserve rate hike concerns, the Russia-Ukraine conflict, China COVID cases and earnings have pressured markets in recent sessions.

The ISM manufacturing PMI dropped for a second straight month to 55.4 in April from 57.1 in March. Analysts were expecting a reading of 57.6.

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