Dow gains 400 points, Materials sector up 2.3%, Werewolf Therapeutics up 113%, S&P PMI rises to strongest level since April 2022.
US Composite PMI surged to 56 in August from 54.5 in July, marking the strongest growth since April 2022, signaling accelerating economic expansion. Strong macro conditions typically translate to increased enterprise tech spending and recruitment in AI and infrastructure projects.
U.S. stocks traded higher midway through trading, with the Dow Jones index gaining around 400 points on Friday.
The Dow traded up 0.76% to 53,162.51 while the NASDAQ rose 0.01% to 26,070.83. The S&P 500 also rose, gaining, 0.32% to 7,665.35.
Leading and Lagging Sectors
Materials shares jumped by 2.3% on Friday.
In trading on Friday, information technology stocks fell by 0.5%.
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U.S. stocks traded higher midway through trading, with the Dow Jones index gaining more than 200 points on Monday. The Dow traded…
