The US stock market experienced a significant decline and is cautious of the "September market".
September 4, 2024, 6:11 AM GMT+9
The US stock market ended the trading with a significant decline in all three indices. The economic indicators released on this day suggest that the activity of the US manufacturing industry is likely to remain sluggish for the time being, which has put pressure on market sentiment. September is also being cautious as historically it is the month with the worst stock performance.
The Institute for Supply Management (ISM) announced that the manufacturing economic index for August, released on the 3rd, increased from 46.8 in July, which was the lowest level in 8 months, to 47.2. However, due to further decline in new orders and inventory increase, it suggests that the activity of the manufacturing industry is likely to continue to be sluggish for the time being.
The Institute for Supply Management (ISM) announced that the manufacturing economic index for August, released on the 3rd, increased from 46.8 in July, which was the lowest level in 8 months, to 47.2. However, due to further decline in new orders and inventory increase, it suggests that the activity of the manufacturing industry is likely to continue to be sluggish for the time being.
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181502738 : Preparing for an interest rate cut?
sonobe : It would be appreciated if you could quickly return to the sector and come back soon, even if it might be a half-year span until the presidential election.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")