AllMarket Update
logoArgusNovember 02, 2020

Market Update: CHD, CL, FHI, OKE, TUP

Sector(s)
Financial Services, Energy, Consumer Defensive, Consumer Cyclical
Summary

Stocks rose on Monday morning, recovering some of last week's losses as investors awaited Election Day on Tuesday. The Commerce Department said that U.S. construction spending rose 0.3% in September, down from a revised 0.8% gain in August and below the Reuters consensus forecast of 1.0% growth. However, manufacturing data was strong. The Institute for Supply Management said that its national factory index rose to 59.3 in October, up from 55.4 in September and above the consensus forecast of 55.8. The Dow rose 1.5%, the S&P 1.2%, and the Nasdaq 0.4%. Crude oil traded near $36 per barrel, while gold rose $16 to $1896 per ounce.

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