Microsoft rose 1.2% and Facebook added 2.7%, with the two contributing more than any other companies to the S&P 500’s gain. The market dropped after the Institute for Supply Management (ISM) said its non-manufacturing activity index fell to a reading of 52.6 in September, the lowest since August 2016. Stock prices bounced back from the dour economic data as bets on a third U.S. rate cut this year at Fed’s October policy meeting surged to 90% from 40%, according to CME Group’s Fed Watch tool. …read more
Source:: Yahoo Finance
