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Midday Market Update

Disney Leads Dow After Successful 'Rogue One' Opening

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U.S. Markets
U.S. stocks opened the year's last full week of trading on a high. The S&P 500, Nasdaq, and Dow were up 0.36%, 0.69%, and 0.35%, respectively. Traders are looking ahead to this afternoon's speech from Federal Reserve chair Janet Yellen on the state of the job market. Yellen is speaking at the University of Baltimore 2016 Midyear Commencement.

The flash purchasing manager’s index fell to 53.4. The Markit Services PMI flash provides advance insight into the service sector, which accounts for more than three fourths of the U.S. gross domestic product. It is based on monthly questionnaire surveys collected from over 400 U.S. companies and provides an indication of what is happening in the private sector service economy. A reading of 50 or higher generally means that the industry is expanding.

Manjul Bhusal Sharma does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.