From the Desk - Economic Commentary
Brandon Casey, Member Strategies - 3/2/2026
U.S. stocks are lower to begin the week as investors digest geopolitical concerns stemming from the attack on Iran over the week. Stocks have clawed back some of the initial losses seen at the opening bell, but all three major averages are still down at least 0.3%. Iranian officials have said they will retaliate, creating concern amongst investors over a prolonged conflict. All three major averages were lower in February.
The ISM Manufacturing PMI edged lower to a reading of 52.4% in February, just above expectations. It was the second straight month the sector expanded and the third time over the last 40 months. New orders and production grew, employment contracted, and prices were higher.
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