On Monday, key U.S. stock indexes rose: the S&P 500 climbed by 0.54%, the Dow Jones gained 1.05%, and the Nasdaq increased by 0.73%. This upward trend followed the release of the January ISM manufacturing index, which surged to 52.6, exceeding expectations of 48.5 and marking the highest expansion rate in over 3.25 years. March E-mini S&P futures rose 0.57%, while March E-mini Nasdaq futures increased by 0.76%.
Amid this positive manufacturing news, the energy sector faced challenges as WTI crude oil prices fell over 4% due to easing geopolitical tensions. Bitcoin prices also plummeted more than 7% to a 9.75-month low, leading to almost $590 million in liquidated long positions over the weekend. Meanwhile, the Shanghai Composite Index experienced a significant decline of 2.48%, attributed to disappointing manufacturing data from China.
The partial U.S. government shutdown entered its third day on Monday, with uncertainty influencing investor sentiment. Upcoming economic reports this week include expectations for a 45,000 increase in January ADP employment and anticipated rises in weekly unemployment claims, alongside a focus on Ongoing earnings reports from 150 S&P 500 companies.
