Dallas Fed Manufacturing Index Drops To -16.3; SP500 Rebounds From Session Lows

On March 31, 2025, the Federal Reserve Bank of Dallas released Dallas Fed Manufacturing Index report. The report indicated that Dallas Fed Manufacturing Index decreased from -8.3 in February to -16.3 in March, compared to analyst consensus of -12.

Capacity Utilization index improved from -8.7 in February to -2.3 in March, while New Orders index increased from -3.5 to -0.1.

Prices Paid for Raw Materials index grew from 35.0 to 37.7 as input cost pressures persisted. Meanwhile, Wages and Benefits index declined from 16.7 to 16.0.

Today, traders also had a chance to take a look at Chicago PMI report for March. The report showed that Chicago PMI increased from 45.5 to 47.6, compared to analyst forecast of 45.2.

U.S. Dollar Index gained ground as traders reacted to Dallas Fed Manufacturing Index report. Currently, U.S. Dollar Index is trying to settle above the 104.30 level.

Gold settled near the $3120 level amid strong demand for safe-haven assets. It remains to be seen whether economic data will have any impact on gold markets as traders are focused on trade wars.

SP500 moved away from session lows after the release of the report and made an attempt to settle back above the 5545 level.

For a look at all of today’s economic events, check out our economic calendar.