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  • 1 year ago
Market Roundup: U.S. Markets End Holiday-Shortened Week in Green Zone

Market Roundup: U.S. Markets End Holiday-Shortened Week in Green Zone

Monday’s trading was light ahead of the Independence Day holiday, which had U.S. markets closed on Tuesday. On Wednesday, the market learned U.S. Factory orders took another step back in May, losing 0.8%, exceeding consensus’ expectations. Stocks ended last week higher, despite falling energy shares. The price of crude oil closed at $44.30 per barrel, down from the prior week's closing price of $46.33 per barrel, which contributed to the decline. Midweek the Federal Reserve released its minutes from the June meeting, which showed the Fed has a plan to reduce the size of its balance sheet, but lacks a consensus on when to begin the process. On Thursday, the ISM Non-Manufacturing Index showed that the services segment of the economy unexpectedly improved in June. The index rose from 56.9 in May to 57.4 for June, exceeding the forecast of 56.7. Expansion in the non-manufacturing sector occurred in business activity, new orders, and prices. Employment grew in the non-manufacturing sector,

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