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S&P 500
Benzinga
148 days

Crude Oil Gains 1%; US Composite PMI Surges In March

1. U.S. stocks, including S&P 500, rose significantly on Monday. 2. S&P Global US Composite PMI increased to 53.5, indicating strong growth. 3. Consumer discretionary shares surged 3.2%, leading market gains. 4. AnaptysBio announced a $75 million buyback, boosting its stock by 11%. 5. Overall market sentiment remains positive amid economic indicators.

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FAQ

Why Bullish?

The increase in S&P 500 and positive PMI signals strong economic momentum, similar to previous recoveries post-recession.

How important is it?

The article highlights key economic growth indicators, impacting investor sentiment and market movements directly.

Why Short Term?

The immediate positive sentiment could drive S&P 500 gains temporarily, influenced by quarterly results.

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