US 30 forecast: the index resumes growth
The US 30 index sees increased volatility, with the uptrend prevailing once again. The US 30 forecast for today is positive.
US 30 forecast: key trading points
Recent data: US ISM manufacturing PMI came in at 52.6 in December
Market impact: the data has a moderately positive impact on the stock market
Fundamental analysis
The rise in the ISM manufacturing PMI to 52.6 points, the highest level in approximately the past 40 months and well above the forecast and the previous reading, indicates a transition of the US industrial sector from contraction to expansion.
For the US 30 index, this news is generally positive. The index is heavily weighted towards real-sector companies and cyclical businesses that are sensitive to industrial conditions, domestic demand, and capital expenditures.
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