US Equities Advance Following March ISM Services PMI Data
U.S. stocks edged higher to start the week even as the ISM services PMI retracted to 54 in March.
U.S. equity markets posted gains on Monday, with the Dow Jones Industrial Average climbing 0.2% by the close of the session. The positive movement in domestic stocks occurred alongside the release of the latest ISM services PMI report, which showed a decline to 54 for the month of March.
International markets displayed a split performance. European exchanges largely trended downward throughout the day, failing to mirror the gains seen in the United States. Conversely, markets across Asia concluded the trading day in positive territory. Meanwhile, gold prices experienced slight upward momentum, edging higher as investors processed the latest economic data from the services sector.