Dallas Fed Manufacturing Business Index for May 0.40 vs -2.30 last month

The Dallas Fed Manufacturing Business Index edged up to 0.4 in May from -2.3 in April, signaling essentially flat overall activity with mixed underlying readings. Production and capacity utilization fell (production to 9.4; capacity utilization down to 5.2), new orders and shipments declined, and employment remained flat. Raw materials prices jumped to 42.7 — an eight‑month high — while finished‑goods price pressures eased. The data is mixed for growth but points to lingering input‑price inflation. U.S. equity markets were stronger during the release: the Nasdaq 100 (US Tech 100) traded to 30,000 for the first time, the Nasdaq composite rose ~1.37% and the S&P ~0.80%, while the Dow (Wall Street 30) was slightly lower. Overall market reaction reflects a bullish tilt for tech equities despite mixed manufacturing signals and elevated input costs.