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5/3, 10:01 PM (Source: TeleTrader)
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Wall Street closes mixed on data, Fed remarks

Major stock markets on Wall Street closed mixed on Monday as economic data and remarks from the Chairman of the Fed Jerome Powell showcased the state of the county's economy. The manufacturing sector in the United States improved in April, reports by IMS and IHS Markit showed, while the country's construction spending decreased in March. Meanwhile, Powell stated that the economic outlook has brightened, as New York Fed President John Williams stated that he expects the GDP to grow 7% over the course of the year.

The Dow Jones increased by 0.71% at the closing bell, with Dow Inc. leading with an increase of 3.28%. The Nasdaq 100 couldn't recover from its earlier plunge, ending the session 0.44% in the red, as Okta declined by 5.11%. The S&P 500 was up by 0.27%, as the Baker Hughes Company rose by 8.02%.

The euro was up 0.37% against the dollar trading for $1.20646 at 4:03 pm ET.

Breaking the News / OL