USA ISM Non-Manufacturing Prices For September 59.4 Vs 56.3 Est.; 57.3 Prior
Portfolio Pulse from Benzinga Newsdesk
The USA ISM Non-Manufacturing Prices Index for September rose to 59.4, surpassing the estimated 56.3 and the previous month's 57.3. This indicates an increase in prices within the non-manufacturing sector.
October 03, 2024 | 2:00 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
The rise in the ISM Non-Manufacturing Prices Index to 59.4 could indicate inflationary pressures, potentially impacting SPY as it reflects the broader market.
The increase in the ISM Non-Manufacturing Prices Index suggests rising prices, which could lead to inflation concerns. This may affect SPY as it tracks the S&P 500, which is sensitive to inflationary pressures.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50