Stocks rally that China's manufacturing sector recovers

US Stocks rose and tracked a global rally as better than expected production data out of China helped overcome concerns over a broad economic downturn.

<p class = "lerret-tekstil-tekstil Mb (1.0em) Mb (0) -sm Mt (0.8em) – sm" type = "text" content = "S & P 500 ( ^ GSPC ) increased 1[ads1].02%, or 28.93 points, from kl., Dow (] DJI ) increased 1.14% or 295.69 points, as United Technologies ( UTX) ) and Caterpillar ( CAT ) surpassed Nasdaq ( ^ IXIC) rose 1.18%, or 91.17 points. "Data response time =" 16 "> S & P 500 (^ GSPC) rose 1.02%, or 28.93 points, from noon. 14.48. ET, led by advances in finance and industry. The Dow (^ DJI) rose 1.14%, or 295.69 points, as United Technologies (UTX) and Caterpillar (CAT) outperformed. Nasdaq (^ IXIC) rose 1.18%, or 91.17 points.

Domestic equities appear to start April higher after S & P 500 closed its best first quarter since 1998 on Friday, increasing more than 13% for the year to-date.

<p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The Dow rose 11.2% in the first three months of 2019, or 2,601 points The largest single contributor to the index advance was Boeing ( BA ) – contributing 421 points, or 16% of Dow's gain, according to A data stretch analysis. Apple ( AAPL ) was the second largest contributor, contributing to 233 points, or 9% of the total gain. "Data-response time =" 18 "> Dow rose 11.2% in the first three months of 2019, or 2,601 points. The largest single contributor to the index advances was Boeing (BA) – contributing 421 points, or 16% of Dow's gain, according to a data draw analysis. Apple (AAPL) was the second largest contributor, adding 233 points, or 9% of the total win.

Historical returns show that the S & P 500 could be set to a strong April given its performance at the beginning of the year. S & P 500's 7.9% rally in January was a full standard deviation over January's average return of 1.2% since 1958, Datatrek co-founded Jessica Rabe in a report. In the eight years ahead of 2019, when the S & P 500 returned more than one standard deviation above the average in January, the index averaged 2.2% in April and was positive for 60% of those years.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Equity futures rose overnight after new data showed that China's manufacturing sector rose on the country's private Caixin / Markit Manufacturing Purchasing Managers & # 39; index released on Monday registered and nbsp; of 50.8 in March, rising from the contraction area with a reading above 50. Consensus analysts expected the survey to register at 49.9 in another month of the month in March. "Data-reactid =" 20 "> Equity futures rose overnight after new data showed that China's industry sector rose with the fastest increase in eight months . The country's private Caixin / Markit Manufacturing Purchasing Managers & # 39; index released Monday recorded at 50.8 in March, rising out of the contraction area with a reading over 50. Consensus analysts expect the survey to be recorded at 49.9 in another month in a row in March.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The results of the Caixin / Markit Manufacturing PMI survey confirmed data from China's National Statistical Office released Sunday, which showed that China's industrial sector expanded for the first time in four months in March, data-response time = "21"> Caixin / Markit Manufacturing PMI survey data confirmed from China's National Bureau of Statistics released Sunday, showing that China's industrial sector expanded for the first time in four months in March

p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt ( 0.8em) – sm "type =" text "content =" This week, Chinese Vice President Liu He will lead a delegation in Washington, DC to continue talks with US officials and work for a trade deal. Having spoken to Chinese dealers in Beijing last week, US Treasury Secretary Steven Mnuchin wrote in a Twitter post and what has been talking so far has been "constructive." "data-reactid =" 22 "> This week, Chinese Vice President Liu He will lead a delegation in Washington, DC to continue talks with US officials and work for a trade deal. Speaking with Chinese dealers in Beijing last week , Secretary of State Steven Mnuchin wrote in a Twitter post that the conversations to date have been "constructive."

<p class = "canvas-atom clay text Mb (1.0em) Mb (0) – sm Mt ( 0.8em) – sm "type =" text "content =" Over the weekend, & nbsp; China's Minister said & nbsp; that the country intends to continue to hold additional fees on US cars and car parts after April 1. China originally decided to pause further auto tariffs in December for three months as part of a trade weapon with the United States, and extend this measure as negotiations with the United States against a deal go ahead. "Data Reaction Time =" 23 "> Over the weekend, China's Cabinet said the country intends to continue to hold on to the additional duties on US cars and car parts after April 1. China originally decided to pause further auto tariffs in December for three. months as part of a trade weapon with the United States, expanding this measure as negotiations with the United States against a deal ahead.

<p class = "canvas-textile textile Mb (1.0em) Mb) – sm Mt (0.8em) – sm "type =" text "content =" elsewhere, British pound broke and held below $ 1.31 against the dollar ( GBPUSD = X ) after new financial data suggested British companies prepare for a chaotic departure from the EU. The IHS Markit's Purchasing Managers Index rose to 55.1 in March, or the highest in more than a year, from 52.1 in the previous month, when inventories went high while optimism was weak. elsewhere, the British pound broke and held below $ 1.31 against the dollar (GBPUSD = X) after new economic data suggested that U.K. companies are preparing for a chaotic departure from the EU. The IHS Markit's Purchasing Managers Index rose to 55.1 in March, or the highest in more than a year, from 52.1 in the previous month, when inventories went high while optimism was weak.

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<p class = "canvas atom atomic text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "" Companies strengthened production to build inventory ahead of Brexit and also face increasing inflow of new work (mainly reflecting client storage), "IHS Markit & nbsp; wrote in a statement. " data-reactid = "36"> "Companies strengthened production to build inventory ahead of Brexit and also meet increasing inflow of new work (mainly reflecting customer storage)," IHS Markit wrote in a statement. 19659009] Members of the British Parliament will vote for a number of Brexit options Monday night after MPs took control of Britain's prime talks from Prime Minister Theresa May last week. Gitt Mays departure plan was voted down for the third time last week. The current standard option is that Britain should crash out of the EU without an agreement on April 12 – a hard Brexit outcome that many economists believe would be detrimental to each side.

History continues

Finance

<p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " Detailed sales were unexpectedly declined in February, according to a pre-reading from the US Census Bureau . The retail headline reading for the month decreased by 0.2% versus 0.2% increase was expected, but January reading was upgraded to see an increase of 0.7%, from an increase of only 0.2% earlier. "data-response time =" 43 "> Retail sales were unexpectedly reduced in February, according to a pre-reading from the US Census Bureau. The headline reading on retail sales in the month decreased by 0.2%, compared to an expected increase of 0.2%. However, the reading for January was revised to see an increase of 0.7%, from an increase of just 0.2% earlier.

Excluding car sales, retail sales fell by 0.4% in the month over the month during a 0.3% expected increase and an upward 1.4% advance from January. With the exception of sales of cars and gas, revenue fell 0.6% month-on-month, below an expected 0.3% increase and an upward 1.7% increase in January.

"We expect more strength in March, with the help of late arrival refunds and more normal weather than in February, but Q1 as a whole will still look weak," said Jim O & # 39; Sullivan, chief American economist for high-frequency economy, in a note Monday.

The retail control group – which gives birth to the calculation of gross domestic product – fell 0.2% in the month over the month of February, having increased an upward 1.7% in January. This category excludes the more volatile categories of auto, gas, building materials and food retailers.

<p class = "canvas-textile textile Mb (1.0em) Mb (0) – sm Mt (0.8em) IHS Markit's reading for US manufacturing PMI went down to its The lowest level for more than a year in March, when production and new orders decelerated, reading dropped to 52.4 in March, down from 53 in February, and under consensus estimates for a reading of 52.5. readings, the quarterly average for US manufacturing PMIs at the lowest level since the third quarter of 2017, reported IHS Markit. "data-response time =" 47 "> IHS Markit's reading for US production PMI fell to its lowest level for more than a year in March, when production and new orders declined. The reading dropped to 52.4 in March, down from 53 in February, and under consensus estimates for a reading of 52.5. After March's last reading, the IHS Markit achieved the quarter average for US PMI production at the lowest level since the third quarter of 2017.

<p class = "canvas-textile-textile Mb (1.0em) Mb (0) – sm Mt (0.8em) ) – sm "type =" text "content =" Separately, the Department of Supply Management's monthly report showed that manufacturing PMI rose to 55.3 in March, from 54.2 in February and over consensus estimates The advances were partly driven by an improvement in the ISM employment index, which rose 5.2 points to 57.5 in March, the index's new order index rose to 57.4, from 55.5 in February. = "48"> Separately, the Institute of Supply Management reported monthly report that manufacturing PMI rose to 55.3 in March, from 54.2 in February and above consensus estimates of 54.5. was partly driven by an improvement in the ISM employment index, which rose 5.2 points to 57.5 in March. rose to 57.4, from 55.5 in February.

The "modest rebound" in March "gives some assurances that the US plant is not following its European counterpart beyond a rock," Andrew Hunter, senior US economics economist, wrote in a note Monday. But "the details of the survey are still in line with the growth in production," he added, noting that the sub-indices, apart from employment, remained so strong in the ISM's latest report.

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<p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " Emily McCormick is a reporter for Yahoo Finance. Follow her on Twitter: @emily_mcck " data-reactid = "64"> Emily McCormick is a reporter for Yahoo Finance. Follow her on Twitter: @emily_mcck

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