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Gold Falls Sharply; US Composite PMI Surges In May

Benzinga ·  May 24 00:01

U.S. stocks traded mixed midway through trading, with the Dow Jones index falling more than 250 points on Thursday.

The Dow traded down 0.65% to 39,414.01 while the NASDAQ rose 0.84% to 16,942.51. The S&P 500 also rose, gaining, 0.24% to 5,319.63.

Leading and Lagging Sectors

Information technology shares rose by 1.3% on Thursday.

In trading on Thursday, real estate shares fell by 1.1%.

Top Headline

The S&P Global manufacturing PMI rose to 50.9 in May from 50 in April, while services PMI climbed to 54.8 in May from 51.3.

The S&P Global composite PMI jumped to 54.4 in May compared to 51.3 in April, and topping market estimates of 51.1.

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