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Market Performance - US stock market opened lower but rebounded, with the Dow Jones up 0.08%, marking the third consecutive day of gains, while the Nasdaq rose 0.67% and the S&P 500 increased by 0.41% [2] - Major tech stocks mostly rose, with Micron Technology up nearly 4%, AMD and Meta up over 3%, and Nvidia up over 1%. However, Tesla and Google A fell over 1% [3] Economic Indicators - The US import index has dropped to its lowest level in 16 years, reflecting a contraction in manufacturing activity for the third consecutive month [4][6] - The ISM manufacturing purchasing managers' index decreased by 0.2 points to 48.5, indicating that the manufacturing sector is in contraction [7] - The ISM import index saw a significant decline of 7.2 points to 39.9, marking one of the largest monthly drops in history [8] Trade Policy Developments - The Trump administration is seeking to appeal a court ruling that deemed its tariff policies "illegal," following a preliminary injunction from a federal court in Washington D.C. [10] Oil Market - Oil prices increased as OPEC+ production increases were lower than expected, with WTI crude rising 2.85% to nearly $63 per barrel. Concerns over geopolitical tensions in Ukraine and Iran also contributed to the price rise [12]