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FEATURED INDUSTRY NEWSMeet Robyn Boerstling, NMMAās SVP Of Government Relations, In Latest Marine Minute VideoNMMA recently released a new Marine Minute video with an introduction to Robyn Boerstling, NMMAās senior vice president of government relations. Boerstling, who joined NMMA in December 2023, oversees NMMAās advocacy efforts at the federal, state, and international levels of government on behalf of the $230 billion U.S. recreational boating industry. Read More LEADING ECONOMIC AND POLICY NEWSISM: Domestic Manufacturing PMI Hit A Seven Month Low, But Data Shows Potential ReboundReuters reports factory employment fell to a seven-month low due to layoffs with a report from the Institute for Supply Management showing āits manufacturing PMI fell to 47.8 last month from 49.1 in January.ā However, manufacturing also reported gains in February with āeight manufacturing industries reporting growth...including apparel, leather and allied products, primary metals, chemical products and transportation equipment,ā providing evidence of a potential rebound. University Of Michigan Data Show US Consumer Sentiment Fell In FebruaryAxios reported a University of Michigan survey showed that āU.S. consumer sentiment cooled slightly in February, ... down 2.7% from January, but up 14.9% from February 2023.ā University of Michigan Director of the Surveys of Consumers Joanne Hsu said, āConsumers perceived few changes in the state of the economy since the start of the new year, and they appear to be assured that inflation will continue on a favorable trajectory.ā Axios adds that āa different gauge of consumer sentiment released earlier this week by the Conference Board showed a pullback in February, interrupting three months of rising sentiment.ā Nasdaq Hits New All-Time High After Gaining Another 1.74% This WeekCNBC reports the Nasdaq Composite ārose to an all-time high Friday, surpassing its 2021 record,ā as it āadvanced 1.14% to 16,274.94, notching a new high of 16,302.24 during the session. A day earlier, the index closed at its first record since November 2021.ā The S&P 500 āadded 0.80% to 5,137.08 for its first close above the 5,100 threshold,ā and the Dow Jones Industrial Average āgained 90.99 points, or 0.23%, to 39,087.38.ā CNBC adds, āOn a weekly basis, the Nasdaq added 1.74%, while the S&P 500, which also popped to a record close on Thursday, advanced 0.95%,ā and āboth indexes notched their seventh positive week over the last eight.ā The Wall Street Journal attributes the stock market gains in part to Nvidia achieving a $2 trillion valuation. Previous Top Stories | |||||||||||
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If you are unable to see the message or images below, click here to view Shows Certification Advocacy Statistics International Membership Customized Briefing for manoj dole March 25, 2024 FEATURED INDUSTRY NEWS Early Bird Registration For The American Boating Congress Closes April 1 Early bird registration for the American Boating Congress (ABC) closes on April 1, 2024. This is your final chance to take advantage of discounted rates and secure your spot at our industryās premier advocacy event. Read More LEADING ECONOMIC AND POLICY NEWS Fed Signals Possibility Of Rate Cuts To Prevent Rising Unemployment Bloomberg reports the Federal Reserve āis signaling a willingness to cut rates to head off a job-cutting spiral ā even if that means somewhat higher inflation for a while....
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