Stock Market Update
04-Sep-24 10:35 ET
S&P 500, Nasdaq Composite trade above prior closing levels
Dow +98.48
at 41035.41,
Nasdaq +7.82
at 17144.10,
S&P +9.05
at 5537.98
[BRIEFING.COM] The S&P 500 trades near its best level of the morning, up 0.13%. The Nasdaq Composite also moved above its prior close, up 0.04%.
Factory orders increased 5.0% month-over-month in July (Briefing.com consensus 4.5%) following a 3.3% decline in June. Excluding transportation, factory orders increased 0.4% on the heels of a 0.1% increase in June. Shipments of manufactured goods jumped 0.9% in July following a 0.6% increase in June.
The key takeaway from the report is that business spending languished in July.
