ISM Non-Manufacturing Prices For September 58.9; 58.9 Prior
Portfolio Pulse from Benzinga Newsdesk
The ISM Non-Manufacturing Prices for September remained steady at 58.9, the same as the prior month.
October 04, 2023 | 2:01 pm
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NEUTRAL IMPACT
The unchanged ISM Non-Manufacturing Prices for September may have a neutral impact on SPY as it indicates a stable economic environment.
The ISM Non-Manufacturing Prices is an economic indicator that reflects the change in prices paid by non-manufacturing organizations for purchased materials and services. A steady figure indicates a stable economic environment, which may not significantly impact the SPY ETF, which tracks the S&P 500 index.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50