News Highlights: Top Global Markets News of the Day - Tuesday at 3 AM ET

S&P 500 Drops to Start New Quarter 
 

Fresh data raise doubts on whether the Fed will cut rates three times this year. The S&P 500 fell 0.2%, while Walgreens shares declined 9.9%.

 
Dow 40,000: What's taking so long to get there? 
 

The S&P 500 and Nasdaq hit major milestones much more easily.

 
The Stock Market's Magnificent Seven Is Now the Fab Four 
 

Some investors say it is a bullish signal that the market is rallying without the likes of Apple and Tesla because it means other groups are taking part.

 
Here's why the Fed and other experts on the economy missed the mark on inflation 
 

Forecasts lacked realistic representations of price and wage setting.

 
Japan's World-Beating Stock Gains May Lose Steam 
 

After a blistering run to record highs, Japanese stocks may be running out of catalysts in the near term.

 
Australian Manufacturing Activity Deteriorates At Fastest Pace Since Early 2020 
 

The headline seasonally adjusted Judo Bank Australia Manufacturing Purchasing Managers Index fell to 47.3 in March, from 47.8 in February.

 
Australia's Central Bank Says Risks Around Economy a Little More Balanced 
 

The Reserve Bank of Australia now feels that risks around the outlook for the economy are slightly more balanced than earlier in the year, while signaling that it isn't ruling any policy options in or out for now.

 
South Korea's Inflation Tops 3% for Second Straight Month 
 

South Korea's headline inflation topped 3% for a second consecutive month in March, remaining sticky and well above the central bank's 2% target.

 
More fuel for the economy?  U.S. manufacturing gauge turns positive for first time in 17 months 
 

A barometer of business conditions at U.S. manufacturers turned positive in March for the first time in 17 months, in another sign that the industrial side of the economy is on the mend.

 
Construction spending posts bigger-than-expected drop 
 

Construction spending fell 0.3% in February, the Commerce Department reported Monday.

(END) Dow Jones Newswires

April 02, 2024 03:15 ET (07:15 GMT)

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