US Markets React to Manufacturing Data and Corporate Leadership Changes

On Monday, major US stock market indexes closed mostly higher, reflecting varied investor reactions to recent developments in the manufacturing sector and corporate leadership changes.

The Institute for Supply Management (ISM) and S&P Global reported that the US manufacturing sector failed to enter expansion territory, which led to mixed reactions among investors. Meanwhile, Stellantis NV experienced losses following a reshuffle in its leadership, while Intel Corporation announced a refresh of its management team.

Super Micro Computer Inc. also made headlines as an investigation cleared its board of any fraud. The Nasdaq 100 and S&P 500 both saw gains, with Super Micro Computer being the top performer, surging by 28.68%.

In currency markets, the euro weakened against the dollar, trading at $1.05000 at 3:59 pm ET.