After the latest Purchasing Managers' Index (PMI) showed an expansion in the manufacturing sector but revealed an increase in the "prices paid" index during December, the major U.S. indices lost ground, with S&P 500 slipped 1.11%. Underperformance in the technology sector dragged on the NASDAQ which fell 1.89%, while the DJIA ended the session 0.42% lower.
The indication of pricing pressure in the final month of 2024 could ...