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Stock Futures Shake Off Weak China Data
FoxBusiness.com ^ | 3/24/2014 | Adam Samson

Posted on 03/24/2014 6:10:51 AM PDT by mykroar

U.S. stock-index futures turned positive on Monday despite a round of disappointing data on China on the heels of a volatile trading week.

Today's Markets

As of 8:07 a.m. ET, Dow Jones Industrial Average futures climbed 24 points, or 0.24%, to 16245, S&P 500 futures advanced 3.5 points, or 0.2%, to 1861 and Nasdaq 100 futures rose 9.5 points, or 0.26%, to 3649.

The markets capped a turbulent trading week to the upside last week, with the broad S&P 500 advancing 1.4%. The pace was expected to slow on Monday, with few major U.S. economic events on the calendar.

Traders were greeted with a report from HSBC showing China's vast manufacturing sector contracted more quickly in March than it did in February. The PMI gauge dipped to 48.1 from 48.5, confounding expectations of a rise to 48.7.

(Excerpt) Read more at foxbusiness.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: china; pmi; stocks
As long as the funny money keeps coming; stock market will be fine.
1 posted on 03/24/2014 6:10:51 AM PDT by mykroar
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