Stock Market Update
01-Oct-26 10:35 ET
ISM Manufacturing Index and Construction Spending
Dow -201.48
at 50704.48,
Nasdaq -23.55
at 26858.55,
S&P -15.83
at 7635.81
[BRIEFING.COM] The S&P 500 (-0.3%), Nasdaq Composite (-0.1%), and DJIA (-0.5%) continue to move modestly lower amid weak participation across stocks this morning.
The ISM Manufacturing Index decreased to 54.5% in September (Briefing.com consensus: 55.2%) from 54.6% in August. The dividing line between expansion and contraction is 50.0%, so the September figure suggests manufacturing activity expanded in September from the prior month but at a slightly slower pace.
The key takeaway from the report is that it showed an ongoing expansion in manufacturing activity that was accompanied by a faster acceleration in prices paid, which will continue to foment concerns about pass-through effects for customers.
Construction spending increased 0.9% month-over-month in August (Briefing.com consensus: 0.3%) following a 0.1% decline in July. On a year-over-year basis, construction spending was down 1.7%.
The key takeaway from the report was the strength seen in private construction, which included solid increases for both residential and nonresidential spending.
