Stock Market Update
03-Oct-25 10:30 ET
September ISM Services PMI
Dow +390.40
at 46909.91,
Nasdaq +13.55
at 22857.61,
S&P +22.33
at 6737.67
[BRIEFING.COM] A strong showing from UnitedHealth (UNH 364.71, +10.99, +3.11%) has the DJIA (+0.8%) outperforming the S&P 500 (+0.3%) and Nasdaq Composite (+0.1%).
The ISM Services PMI decreased to 50.0% in September (Briefing.com consensus 51.7%) from 52.0% in August. The dividing line between expansion and contraction is 50.0%, so the September reading reflects services sector activity stagnating.
The key takeaway from the report is that it carries some stagflation messaging for the nation's largest business sector: no growth, contracting employment, and higher inflation.
