Key Points The Nasdaq Composite fell 1.0% a day after a record close, while the S&P 500 and Dow each dropped 0.6%. S&P Global's composite PMI hit 58.4, the highest reading since July 2021. Brent crude rose about 3.3% to $103 after Iran set steep conditions for resuming peace talks. 10 stocks we like better than NASDAQ Composite Index › American business activity just hit a five-year high. Stocks fell on the news, which tells you everything you need to know about the market's relationship with the Federal Reserve right now. The Nasdaq Composite (NASDAQINDEX: ^IXIC) dropped 1% as of 12:29 p.m. ET, one day after closing at a record. The S&P 500 (SNPINDEX: ^GSPC) and the Dow Jones Industrial Average (DJINDICES: ^DJI) each fell 0.6%.
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