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S&P 500
Benzinga
197 days

Dow Falls 150 Points; ISM Manufacturing PMI Rises In January

1. U.S. stocks dropped, with S&P 500 down 0.89%. Manufacturing PMI rose unexpectedly to 50.9. 2. Health care shares gained 0.3%; tech shares decreased by 1.7%. Economic indicators show mixed signals. 3. Owens & Minor shares fell 25% on disappointing earnings guidance. Negative sentiment affects related sectors. 4. Asian markets closed lower; European indices also faced declines. Ongoing global economic uncertainty persists. 5. Construction spending rose 0.5%, signaling potential resilience in the economy. This could reflect broader economic trends.

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FAQ

Why Bearish?

The drop in major indices suggests market unease. Similar past declines contributed to broader bearish trends.

How important is it?

This article has significant data on market declines and economic indicators that can influence S&P 500.

Why Short Term?

Immediate reactions reflect market sentiment and economic indicators. Past data shows quick reversals after earnings disappointments.

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