Setup News Ticker
Searching for 'Down economic'. (Return)

KiplingerJul 01, 2022
Stock Market Today: Stocks Catch a Second Wind to Start Second Half
U.S. equities managed to escape negative territory Friday and finish in the black despite some downbeat economic data - a welcome beginning to 2022's second half after a dreadful performance through the midway point.

Front and center Friday was the Institute for Supply Management (ISM) manufacturing index, which delivered its weakest reading in two years. The index's June reading of 53.0, which was down considerably from May's 56.1, fell well below economists' forecasts for 54.5 and marked its lowest point since June 2020.

SEE MORE The 15 Best Stocks to Buy for the Rest of 2022 "The new orders component was particularly rough," say Wells Fargo economists Tim Quinlan and Shannon Seery. "It slipped 5.9 points to 49.2, which marks the first contraction reading since May 2020, when the economy was coming out of pandemic-related lockdowns."

The pair add that while the report demonstrates slower manufacturing activity, supply problems are continuing to ease. "In short, the report piles onto weaker consumer data received this week and signals investment spending is starting to weaken too."

From a sector standpoint, utilities ( 2.5%) and real estate ( 1.8%) were among Friday's biggest winners as investors appeared to chase yield. But the most noteworthy individual equities were heading in the other direction. Kohl's (

StocksBuy These Market half Year
StockBuy market Week half Year
marketstock Stocks Bear half open
HalfStocks Market second S&P ahead
Cryptohedge fund Three Arrows Bitcoin
dealKohl Panera NBA agency Zach
HereThere Where Recession How market
YorkTimes Supreme Court Post Will
ChinaTikTok confirms user China-Based accessed
FundCrypto hedge Three Arrows files

Top News (Business News)
Accounting Today
AdWeek News
Banking Business Review
Barron's This Week Magazine
Barron's Up and Down Wall Street Daily
Brad Ideas
Chicago Tribune Business News
CNBC Business
CNBC Economy
CNBC Finance
CNN/Money Real Estate News Analysis Indicators
Enterprise Application News
Forbes Headlines
Forbes Social Media News - China, Economy & Trade - Financial Markets - Hedge Funds - Telecoms - US
Google Business News
Google Market News
HBS Working Knowledge
INSEAD Knowledge
International Tax Review
L.S. Starrett News
MarketWatch Breaking News
MarketWatch MarketPulse
McKinsey Quarterly Business
Nielsen Trends
NonProfit Times
NPR Topics: Business
NYTimes Business
Private Equity Breaking News
Reuters Business
Reuters Company News
Reuters Money Updates: News Digest
Tax Policy News
The Economist International News
The Motley Fool
USA Today Money
Wall Street Journal US Business
Wall Street Transcript
Washington Post Business
WSJ Asia
WSJ Europe
WSJ MoneyBeat
WSJ Opinion
WSJ World Markets
Yahoo Business
  • CEOExpress
  • 1 Boston Place | Suite 2600
    Boston MA 02108
  • Contact
  • As an Amazon Associate
    CEOExpress earns from
    qualifying purchases.

©1999-2022 CEOExpress Company LLC