{"id":263899,"date":"2021-06-01T18:14:00","date_gmt":"2021-06-01T15:14:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/u-s-stocks-turn-mostly-lower-as-ism-reading-underlines-bottlenecks\/"},"modified":"2021-06-01T18:14:00","modified_gmt":"2021-06-01T15:14:00","slug":"u-s-stocks-turn-mostly-lower-as-ism-reading-underlines-bottlenecks","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/u-s-stocks-turn-mostly-lower-as-ism-reading-underlines-bottlenecks\/","title":{"rendered":"#\n  U.S. stocks turn mostly lower as ISM reading underlines bottlenecks"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3d5073b68a4\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3d5073b68a4\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/u-s-stocks-turn-mostly-lower-as-ism-reading-underlines-bottlenecks\/#How_are_stock_benchmarks_performing\" >How are stock benchmarks performing?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/u-s-stocks-turn-mostly-lower-as-ism-reading-underlines-bottlenecks\/#Whats_driving_the_market\" >What\u2019s driving the market?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/u-s-stocks-turn-mostly-lower-as-ism-reading-underlines-bottlenecks\/#Which_companies_are_in_focus\" >Which companies are in focus?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/u-s-stocks-turn-mostly-lower-as-ism-reading-underlines-bottlenecks\/#How_are_other_markets_trading\" >How are other markets trading?<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/buradabiliyorum.com\/en\/u-s-stocks-turn-mostly-lower-as-ism-reading-underlines-bottlenecks\/#Mark_DeCambre_and\" >Mark DeCambre and<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/buradabiliyorum.com\/en\/u-s-stocks-turn-mostly-lower-as-ism-reading-underlines-bottlenecks\/#William_Watts\" >William Watts<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#<br \/>\n  U.S. stocks turn mostly lower as ISM reading underlines bottlenecks<br \/>\n<\/strong>&#8221;<\/p>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\">\n<\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\">\n<div class=\"article__side\">\n<div class=\"container--sticky not-active\">\n<div id=\"cx-next\">\n              <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0000289733\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>       U.S. stocks turned mostly lower Tuesday after a reading on U.S. manufacturing activity underlined labor shortages and supply bottlenecks.<\/p>\n<h6><span class=\"ez-toc-section\" id=\"How_are_stock_benchmarks_performing\"><\/span>How are stock benchmarks performing? <span class=\"ez-toc-section-end\"><\/span><\/h6>\n<ul class=\"articleList\">\n<li>\n      The Dow Jones Industrial Average<br \/>\n        DJIA,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210598065\/realtime\" class=\"positive\">+0.33%<\/bg-quote><br \/>\n       was up 100.25 points, or 0.3%, at 34,629.70.<\/p>\n<\/li>\n<li>\n      The S&amp;P 500<br \/>\n        SPX,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210599714\/realtime\" class=\"positive\">+0.07%<\/bg-quote><br \/>\n       was off 0.19 point at 4,203.92.<\/p>\n<\/li>\n<li>\n      The Nasdaq Composite<br \/>\n        COMP,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210598365\/realtime\" class=\"negative\">-0.28%<\/bg-quote><br \/>\n       declined 54.94 points, or 0.4%, to 13,693.80.<\/p>\n<\/li>\n<\/ul>\n<p>Last month, the Dow booked a rise of 1.9%, marking its fourth monthly gain in a row; the S&amp;P 500 rose 0.6%, also marking its fourth straight monthly advance; while the Nasdaq Composite Index saw a 1.5% monthly fall.<\/p>\n<div class=\"paywall\">\n<h6><span class=\"ez-toc-section\" id=\"Whats_driving_the_market\"><\/span>What\u2019s driving the market? <span class=\"ez-toc-section-end\"><\/span><\/h6>\n<p> U.S. stocks joined in a global equity rally as markets in Asia reached their highest levels in a month and as those in Europe were near record highs. <\/p>\n<p>But an early jump, which saw the S&amp;P 500 trade near an all-time high, lost steam as survey-based data on manufacturing activity showed that shortages of supplies and labor mean firms are struggling to fill a surge in new orders for cars, computers, furniture, <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>liances and all sorts of goods. <\/p>\n<p>The Institute for Supply Management said its manufacturing index rose to 61.2% in May from 60.7% in April. New orders paced the rise, while production and hiring slowed.<\/p>\n<p>That\u2019s a recipe for further inflation.<\/p>\n<p>\u201cThe nation\u2019s factories are humming, with strong demand for products supporting activity that would be even stronger if the resources were available to expand production,\u201d said Jim Baird, chief investment officer at Plante Moran Financial Advisors, in a note.<\/p>\n<p>\u201cThat should improve in time as millions of unemployed Americans are incentivized to fill a flood of job openings. Even so, it will take some time for the bottlenecks in the system to be worked out. Until that is achieved, upward pressure on prices will likely continue.\u201d<\/p>\n<p>The economic recovery has raised inflation fears which helped push up Treasury yields Tuesday.  Tech-related stocks, which are more sensitive to rising yields, were leading the way lower as equities weakened.<\/p>\n<p>The U.S. data comes after China\u2019s gauge of private-sector manufacturing activity, the Caixin\/Markit Manufacturing Purchasing Managers\u2019 Index, rose to 52, up from 51.9 in the previous month and marking the highest level since December. A reading of at least 50 indicates improving conditions.<\/p>\n<div id=\"cx-membership-tile\"><\/div>\n<p>Meanwhile, the IHS Markit\/CIPS UK Manufacturing PMI rose to 65.6 in May from 60.9 in April, representing the highest reading since 1992.<\/p>\n<p>The eurozone jobless rate fell in April, even as COVID-19 restrictions continued leading many businesses to reduce or suspend services.<\/p>\n<p>May\u2019s mostly muted equity moves suggest that investors are coming around to the notion that inflation will be transitory and that the Federal Reserve will patient in retracting stimulus measures that have been put in place to help support the economy amid coronavirus. <\/p>\n<p>Uncertainty about how inflation will playout, however, has been a key source of market turbulence. <\/p>\n<p>\u201cEconomic data have been erratic, and we expect more of the same as economies restart amid pent-up consumer demand and supply shortages,\u201d wrote analysts at BlackRock, in a weekly outlook note. \u201cWe advocate looking through near-term market volatility and remain pro-risk, predicated on our belief that the Federal Reserve faces a very high bar to divert from its new policy framework to keep yields low.\u201d<\/p>\n<p>Meanwhile, COVID cases continued to decline in the U.S. as vaccination rates rise. More than 62% of adults have received at least one vaccine dose, the CDC reported Sunday. said. There were just 12,663 new cases on Saturday, according to the CDC, the lowest since March 2020.<\/p>\n<p> Market participants will hear from two Fed speakers on Tuesday, ahead of the central bank\u2019s <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a> blackout period before a two-day policy meeting June 15-16. <\/p>\n<p>Randal Quarles, the Fed\u2019s vice chair for supervision, was scheduled to be interviewed by Politico at 10 a.m. and Fed Gov. Lael Brainard will delivered a speech to Economic Club of New York at 2 p.m. Eastern. <\/p>\n<p><strong>See:<\/strong> Life might feel more certain this summer, but betting on a calm stock market still could go wrong<\/p>\n<h6><span class=\"ez-toc-section\" id=\"Which_companies_are_in_focus\"><\/span>Which companies are in focus? <span class=\"ez-toc-section-end\"><\/span><\/h6>\n<ul class=\"articleList\">\n<li>\n      Shares of <strong>Cloudera Inc<\/strong>.\u00a0CLDR,\u00a0soared 24% after the data management and analytics software company disclosed a deal to be acquired for $16 a share in cash by funds advised by Clayton, Dubilier &amp; Rice LLC and <strong>Kohlberg Kravis Roberts &amp; Co. L.P.<\/strong>\u00a0<br \/>\n        KKR,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/206126495\/composite\" class=\"positive\">+0.66%<\/bg-quote><span>.<\/span><\/p>\n<\/li>\n<li>\n      <strong>LifeStance Health Group Inc<\/strong>.\u00a0LFST,\u00a0disclosed Tuesday that it has set terms of its initial public offering, in which the Arizona-based outpatient mental health company looks to raise up to $557.6 million and be valued at up to $6.35 billion.\u00a0<\/p>\n<\/li>\n<li>\n      <strong>AMC Entertainment Holdings Inc.<\/strong>\u00a0AMC disclosed Tuesday that it sold 8.5 million shares of its common stock for $230.5 million to Mudrick Capital Management L.P. The share sale deal would represent a price of for AMC\u2019s stock of $27.12 a share, which is 3.8% above Friday\u2019s closing price of $26.12.\u00a0Shares jumped more 13%.<\/p>\n<\/li>\n<li>\n      Chinese electric vehicle maker <strong>NIO<\/strong>\u00a0NIO said May deliveries rose 95% year-over-year to 6,711 vehicles. Shares were up 7.3%.<\/p>\n<\/li>\n<\/ul>\n<h6><span class=\"ez-toc-section\" id=\"How_are_other_markets_trading\"><\/span>How are other markets trading?<span class=\"ez-toc-section-end\"><\/span><\/h6>\n<ul class=\"articleList\">\n<li>\n      The yield on the 10-year Treasury note<br \/>\n        TMUBMUSD10Y,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.000%\" channel=\"\" class=\"\">1.636%<\/bg-quote><br \/>\n       rose 5.3 basis points to 1.635%. Yields and bond prices move in opposite directions.<\/p>\n<\/li>\n<li>\n      The ICE U.S. Dollar Index<br \/>\n        DXY,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210598269\/delayed\" class=\"negative\">-0.35%<\/bg-quote><span>,<\/span><br \/>\n       a measure of the currency against a basket of six major rivals, was down 0.3%.<\/p>\n<\/li>\n<li>\n      Oil futures jumped sharply as OPEC+ ministers met to discuss output plans, with the U.S. benchmark<br \/>\n        CL00,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/209723049\/delayed\" class=\"positive\">+3.51%<\/bg-quote><br \/>\n       rising more than 3%. Gold futures<br \/>\n        GC00,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210034565\/delayed\" class=\"negative\">-0.33%<\/bg-quote><br \/>\n       turned lower as bond yields rose, falling 0.4% to just above $1,900 an ounce.<\/p>\n<\/li>\n<li>\n      In Europe, the pan-Continental Stoxx Europe 600 index<br \/>\n        SXXP,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210599654\/delayed\" class=\"positive\">+0.81%<\/bg-quote><br \/>\n       rose 0.8%, while London\u2019s FTSE 100<br \/>\n        UKX,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210598409\/delayed\" class=\"positive\">+0.91%<\/bg-quote><br \/>\n       gained 0.9%. <\/p>\n<\/li>\n<li>\n      In Asia, the Shanghai Composite<br \/>\n        SHCOMP,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210598127\/delayed\" class=\"positive\">+0.26%<\/bg-quote><br \/>\n       rose 0.3%, while Hong Kong\u2019s Hang Seng Index<br \/>\n        HSI,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210598030\/delayed\" class=\"positive\">+1.08%<\/bg-quote><br \/>\n       jumped 1.1% and Japan\u2019s Nikkei 225<br \/>\n        NIK,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210597971\/delayed\" class=\"negative\">-0.16%<\/bg-quote><br \/>\n       fell 0.2%.<\/p>\n<\/li>\n<\/ul>\n<\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>      <span>By<\/span><\/p>\n<div class=\"author  hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Mark DeCambre\",\"subhead\":\"The Wall Street Journal\",\"list\":[]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Mark_DeCambre_and\"><\/span>Mark DeCambre and<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/p><\/div>\n<div class=\"author  hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\" \",\"subhead\":\"The Wall Street Journal\",\"list\":[]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"> <\/h4>\n<\/p><\/div>\n<div class=\"author  hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"William Watts\",\"subhead\":\"The Wall Street Journal\",\"list\":[]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"William_Watts\"><\/span>William Watts<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/p><\/div>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=%7B20C05575-04D4-B545-746B-C51C3DBC33CA%7D&#038;siteid=rss&#038;rss=1\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# U.S. stocks turn mostly lower as ISM reading underlines bottlenecks &#8221; U.S. stocks turned mostly lower Tuesday after a reading on U.S. manufacturing activity underlined labor shortages and supply bottlenecks. How are stock benchmarks performing? The Dow Jones Industrial Average DJIA, +0.33% was up 100.25 points, or 0.3%, at 34,629.70. The S&amp;P 500 SPX,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":263900,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-263899","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/263899","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=263899"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/263899\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/263900"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=263899"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=263899"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=263899"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}