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Nasdaq Surges 100 Points; ISM Manufacturing PMI Falls In February

Benzinga ·  Mar 1 12:16

U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining around 100 points on Friday.

The Dow traded up 0.02% to 39,005.87 while the NASDAQ rose 0.63% to 16,193.95. The S&P 500 also rose, gaining, 0.40% to 5,116.75.

Leading and Lagging Sectors

Energy shares rose by 1.6% on Friday.

In trading on Friday, utilities shares fell by 1.4%.

Top Headline

The ISM manufacturing PMI declined to 47.8 in February from 49.1 a month ago, compared to market estimates of 49.5.

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