S&P 500 Drops to Start New Quarter

Fresh data raise doubts on whether the Fed will cut rates three times this year. The S&P 500 fell 0.2%, while Walgreens shares declined 9.9%. 


 
More fuel for the economy?  U.S. manufacturing gauge turns positive for first time in 17 months

A barometer of business conditions at U.S. manufacturers turned positive in March for the first time in 17 months, in another sign that the industrial side of the economy is on the mend. 


 
Construction spending posts bigger-than-expected drop

Construction spending fell 0.3% in February, the Commerce Department reported Monday. 


 
Australian Manufacturing Activity Deteriorates At Fastest Pace Since Early 2020

The headline seasonally adjusted Judo Bank Australia Manufacturing Purchasing Managers Index fell to 47.3 in March, from 47.8 in February. 


 
Israel Blamed for Attack Killing Iranian General in Damascus

Iran accused Israel of a deadly missile strike on an Iranian diplomatic building in Damascus, in a possible escalation of the shadow war between the two countries. 


 
The Stock Market's Magnificent Seven Is Now the Fab Four

Some investors say it is a bullish signal that the market is rallying without the likes of Apple and Tesla because it means other groups are taking part. 


 
Baltimore Bridge Collapse Could Fuel Reinsurance Pricing

The cost of insuring against extreme risks has been rising, and the complexity of covering Baltimore's tragedy may further that. 


 
Micron, AT&T, Trump Media, Super Micro, Tesla, UPS, FedEx, and More Stock Market Movers

Chip maker Micron is the top-performing stock in the S&P 500 on Monday, AT&T says personal data from millions of account holders has been leaked on the dark web, and Trump Media shares fall for a second-straight session. 


 
Bank of Japan Tankan Survey Shows Mixed Results Amid Rate-Hike Speculation

Sentiment among large Japanese manufacturers worsened for the first time in four quarters, but the survey also sent some positive signals amid speculation over the central bank's next move. 


 
China Gauge Shows Expansion in Factory Activity

A private gauge showed China's factory activity expanded in March, marking a fifth successive monthly improvement in the country's manufacturing sector.


(END) Dow Jones Newswires

04-01-24 1915ET