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U.S. STOCKS MIXED AFTER DATA, EYE TARIFFS
Wall Street's main indexes are mixed early on Monday, ahead of a crucial deadline on tariffs on top trade partners, while investors also digest a number of economic data reports to gauge the health of the world's largest economy.
President Trump's Tuesday deadline could end the one-month pause on 25% tariffs he imposed on imports from Canada and Mexico after reaching border control agreements.
Of note, the February ISM manufacturing PMI came out at 10:00 EST and was above 50, but slightly below the estimate. With this, however, prices paid came in at 62.4, which was well above the Reuters Poll calling for a reading of 55.8.
The S&P 500 index .SPX, which is now around 5,955, is around flat on the session. It was down just over 0.2% in the moments before the ISM data came out. That said, traders are watching resistance at the 50-day moving average, which now resides just shy of 6,000.
Most SPX sectors are gaining with real estate .SPLRCR, up around 0.7%, posting the biggest rise. Tech .SPLRCT, off about 1%, is the weakest group.
Gold stocks .HUI, up more than 2%, are an early outperformer.
Meanwhile, the U.S. 10-year Treasury yield US10YT=RR hit 4.182%, or its lowest level since December 9.
Here is an early market snapshot from around 10:25 EST:
(Terence Gabriel)
FOR MONDAY'S EARLIER LIVE MARKETS POSTS:
LOW VOLATILITY, MOMENTUM MAKE AN EARLY MOVE - CLICK HERE
EUROPEAN DEFENCE SECTOR: MORE GAINS ON THE HORIZON? - CLICK HERE
CHINA STOCKS, WHAT'S NEXT AFTER 40% RALLY? - CLICK HERE
CRYPTOCURRENCIES HAVE THEIR "TRUMP PUT" - CLICK HERE
DEFENCE NAMES SURGE, BROADER MARKET MIXED - CLICK HERE
EUROPE BEFORE THE BELL: FUTURES HIGHER, MARKETS SET FOR DEFENCE BOOST - CLICK HERE
TRUMP FLAGS CRYPTO RESERVE, MUM ON FUNDING - CLICK HERE