Positive PMI Figures Boost US Markets

Wall Street experienced a mixed day on Monday, with most indices closing higher following the release of the latest PMI figures. These figures indicated an improvement in both the services and manufacturing sectors for December, providing a positive outlook for the US economy.

The Dow Jones, however, bucked the trend, dropping by 0.25% by the closing bell. Meanwhile, the Nasdaq 100 surged 1.45%, and the S&P 500 rose 0.38%, reflecting a broader optimism among investors.

Euro Gains Against the Dollar

In currency trading, the euro strengthened by 0.11% against the US dollar, trading at $1.05091 at 3:58 pm ET. This movement adds to the complex tapestry of global economic interactions influencing US markets.

Investors Eye Upcoming Rate Decision

Looking ahead, all eyes are on the upcoming key interest rate decision expected to be announced on Wednesday. This decision could significantly impact market sentiment and investor behavior in the coming days.