Jun 3, 2014

Morning Market Report

Quiet on local markets ahead of a few significant IPOs.

The market isdown 14 points.

The Dow Jones was up 26 points at 16,744 — the market dropped early in the session after a release of ISM data which showed manufacturing had fallen. The data was revised by ISM twice during the day and the market recovered, range trading before a final lift. The best performing sector was Consumer Discretionary, followed by Financials and Industrials. Consumer Discretionary and Energy sectors lagged. Apart from seasonal adjustment corrections to the ISM data, the session was generally uneventful. Volume was lower than average in a 74 point range.

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