Market optimism in Asian and European sessions was carried to early US session and pushed stocks higher. DJIA and S&P 500 indices soared more than +2% at one point. However, bulls surrendered after the ISM non-manufacturing index came in weaker than expected. Stocks pared much of the gains made earlier in the day. In the commodity sector, crude oil had a volatile day, jumping to as high as 73.86 from a 4-week low at 71.09, and then sliding again to settle at 71.98, down -0.22%.
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Market Sentiment Dampened by Weak US Data
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