Stock Market Update
24-Mar-25 12:30 ET
Economic data boosts equities
Dow +510.56
at 42495.91,
Nasdaq +351.44
at 18135.50,
S&P +87.15
at 5754.71
[BRIEFING.COM] The S&P 500 (+1.5%) remains above its 200-day moving average (5,752) at this point.
This morning's economic data contributed to the overall upside bias in equities. The preliminary March S&P Global US Services PMI, which increased to 54.3 from 51.0 in February, overshadowed a contraction in the preliminary March S&P Global US Manufacturing PMI, which fell to 49.8 from 52.7 in February.
The takeaway from the data is that the nation's largest economic sector continues to expand, which should bode well for growth.
