Get all your news in one place.
100's of premium titles.
One app.
Start reading
Barchart
Barchart
Rich Asplund

Stocks Recover Early Losses as US Soft-Landing Prospects Improve

The S&P 500 Index ($SPX) (SPY) Monday closed up by +0.42%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up by +0.04%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up by +0.26%.

Stocks on Monday shook off early losses and settled higher. Monday’s better-than-expected US economic news supports the prospects of a soft landing and was bullish for stocks. The Sep MNI Chicago PMI unexpectedly rose +0.5 to 46.6, stronger than expectations of -0.1 to 46.0.  Also, the Sep Dallas Fed manufacturing outlook survey unexpectedly rose +0.7 to a 20-month high of -9.0, stronger than expectations of a decline to -10.8.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.