ism services pmi

The U.S. stock market’s Wednesday session is a historic one, as both the S&P 500 and the Nasdaq 100 indices closed at record high levels, driven by increased investor confidence in artificial intelligence-driven growth expanding from the tech sector to the broader market. The S&P 500...

The powerhouse of the American economy, the services sector, continued to show signs of resilience in August, but discrepancies in data collection methods are beginning to emerge. The ISM Services PMI recorded its eight straight month of expansion, coming in at 54.5, the fastest pace of growth...