Page 7 - பிலடெல்பியா கூட்டாட்சியின் இருப்பு வங்கி News Today : Breaking News, Live Updates & Top Stories | Vimarsana
GLOBAL MARKETS-Wall St gains 1% as tech shares rally, Treasury yields fall
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S&P 500 gains 1% as tech shares rally, Treasury yields fall
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GLOBAL MARKETS-Asian tech shares track Nasdaq gains as inflation fears recede
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GLOBAL MARKETS-Asia shares perk up as receding inflation fears lift Wall Street
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(Reuters) - Factory activity in the U.S. mid-Atlantic region slowed down in May after hitting its highest pace in nearly half a century earlier this spring, a survey showed on Thursday.
The Philadelphia Federal Reserve Bank said its business activity index fell to 31.5 from 50.2 in April. That was shy of economists’ expectations for a reading of 43.0, according to a Reuters poll.
Any reading above zero indicates expansion in the region’s manufacturing. The survey covers factories in eastern Pennsylvania, southern New Jersey and Delaware.
It is seen as one of the first monthly indicators of the health of U.S. manufacturing leading up to the national report by the Institute for Supply Management, next due out June 1.