S&P 500 Gains But Misses Record After Manufacturing Data Release
Traders work on the floor at the New York Stock Exchange.
Photographer: Michael Nagle/BloombergUS stocks rebounded on Monday, after stronger-than-expected manufacturing data outweighed lingering questions about the interest-rate outlook following President Donald Trump’s decision to pick Kevin Warsh as the next Federal Reserve chair.
The S&P 500 Index closed 0.5% higher in New York, falling short of a fresh record high as it snapped three consecutive sessions of losses. The technology-heavy Nasdaq 100 Index rose 0.7%.