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Nasdaq Dips 150 Points; US ISM Manufacturing PMI Rises In June

1. S&P 500 fell by 0.12% to 6,197.21 on Tuesday. 2. Healthcare shares rose 1.5%, whereas tech stocks declined by 1%. 3. ISM manufacturing PMI rose from 48.5 to 49, exceeding estimates. 4. Job openings increased by 374,000 to 7.769 million in May. 5. U.S. construction spending decreased by 0.3% in May.

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FAQ

Why Neutral?

While healthcare stocks rose, the overall market decline, including tech, indicates mixed sentiment.

How important is it?

Significant sector movements indicate potential volatility, though mixed economic signals limit clarity.

Why Short Term?

Recent manufacturing data and job openings may temporarily influence trading but not long-term trends.

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