From the Desk - Economic Commentary
Brandon Casey, Member Strategies - 11/3/2025
U.S. stocks are mixed to begin November as investors flock to technology stocks. Both the S&P 500 and Nasdaq are higher, while the DJIA is lower in early trading. Stocks are coming off a winning session on Friday that added to an already solid month. The DJIA, S&P 500, and Nasdaq were up 2.5%, 2.3%, and 4.7%, respectively, for October.
Looking at economic data today, the ISM Manufacturing Index edged lower to a reading of 48.7% in October, below expectations of a slight increase to 49.3%. It was the eighth straight month the manufacturing sector contracted and thirty-fourth month out of the last 36 months. New orders, production, and employment all contracted, while prices paid increased.
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