Equities, Yields Inch Higher After Better ISM Manufacturing

E-mini S&P rises to the best levels of US hours following the better-than-expected October ISM Manufacturing release. All components were better-than-forecast, with new orders rising most sharply.

This keeps US equity markets uniformly in the green, with the Dow Jones outperforming. In the S&P500, materials and industrials are the best performing sectors, with consumer discretionary and technology lagging, albeit still in the green.

COVID-sensitive names sit at the bottom of the pile in the US, with Carnival, Norwegian Cruiselines all off 4% or more alongside airlines. The best performers Monday include Clorox, Loews and Nielsen Holdings.