Rally Races Into October: Here's What You Need To Know

Markets turned back positive after drifting lower during the day.

First, the scoreboard:

  • Dow up 0.39%
  • NASDAQ up 0.09%
  • S&P 500 up 0.44%

Now, the headlines:

  • The morning opened strong on the back of positive manufacturing data out of China. 
  • Negative data out of Germany and broader Europe, including Ireland, failed to turn markets south.
  • And things continued to look positive with U.S. consumer spending and sentiment data coming in better than expected.
  • But then ISM manufacturing data came in lower than expected, and markets reacted negatively.
  • The rest of the day was dominated by the fallout from the flash crash report, and stocks crawled to positive territory.

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