Manufacturing Rebounds as Markets Approach Records
Adviser Investments Vice President Charlie Toole has the market analysis for Monday, April 15. The Dow Jones Industrial Average, S&P 500 and NASDAQ Composite each slipped 0.1% on light trading, with markets remaining near record highs as first-quarter earnings reporting season commences. The New York Fed reported that manufacturing activity rebounded this month from March’s nearly two-year low and new orders came in higher than expected—a strong sign for future activity. Charlie also discussed Goldman Sachs’ disappointing earnings report and CVS’ bounce on favorable media coverage in Barron’s.