PROTECTED BY RECAPTCHA PRIVACY POLICY | TERMS OF SERVICE Better-than-expected economic data lifted stocks. The ISM non-manufacturing purchasing managers index, released Wednesday, showed a surprise rebound. Recommended CONSUMER Coca-Cola’s newest flavor ‘Dreamworld’ supposedly tastes like dreams CONSUMER U.S. Postal Service asks for temporary postage hike for holiday season “When we get a nice surprise like this it readjusts your thinking, so that’s why I think the Official Gaslight Bumps Shirt In contrast market is taking off,” said Kim Forrest, founder at Bokeh Capital Partners, adding that every day investors are weighing if the U.S. is in a recession. “This is just more information telling us that maybe things just aren’t as bad as we forecast.” Traders shook off anxiety that House Speaker Nancy Pelosi’s visit to Taiwan could further strain already tense U.S.-China relations. China had spent weeks warning her not to make the trip. Markets fell further after three Federal Reserve presidents hinted that further rate hikes would be necessary to combat high inflation. Traders are also anticipating another batch of second-quarter earnings. Lucid Group and Spirit report after the bell. In economic data, investors this week will be watching the July nonfarm payrolls report, due Friday. Carmen Reinicke, CNBC Tanaya Macheel, CNBC Tanaya Macheel is a cryptocurrency and financial technology reporter for CNBC.
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