The ISM Services Index Hits All-Time High

With Good Friday last week, the stock market wasn’t able to respond to the jobs report until this morning. Apparently, Wall Street liked what it saw. The averages are up nicely this morning. The S&P 500 has been as high as 4,074.72, which is another all-time high.

Tech stocks are leading the way and the Nasdaq is doing much better than the S&P 500. On our Buy List, Moody’s (MCO) and Miller Industries (MLR) are both at new highs. There’s not much economic news out this week, but the Fed will release the minutes from its last meeting. The Dow is also at a new all-time high. It wasn’t on Friday.

One report that came out this morning was the ISM Services index. That hit an all-time high of 63.7 in March.

Posted by on April 5th, 2021 at 11:42 am


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