S&P Global Services PMI For September 55.4 Vs 55.3 Est.; 55.7 Prior
Portfolio Pulse from Benzinga Newsdesk
The S&P Global Services PMI for September was reported at 55.4, slightly above the estimated 55.3 but below the prior month's 55.7. This indicates a modest expansion in the services sector.
September 23, 2024 | 1:45 pm
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The S&P Global Services PMI for September was 55.4, slightly above expectations. This could indicate a stable economic environment, potentially supporting SPY's performance.
The PMI slightly exceeded expectations, suggesting a stable economic environment which is generally positive for broad market ETFs like SPY. However, the change is marginal, so the impact is not expected to be significant.
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