Skip to main content

US stocks slip after mixed US Services ISM index-check out the Nasdaq 100

The September US service sector ISM index has just been released and it was at 53.6 which was pretty much in line, but the new orders component fell by much more than expected and prices paid element was in line and petty much unchanged. Ahead of this release the US stock markets had opened slightly higher. The Nasdaq 100 had closed yesterday at 14,565 and it reopened at 14,613. The higher opening had seen it reach 14,684 just ahead of the ISM report, but it was backing off slightly into the release. The impact of this news has sent US treasury yields a little higher, which perhaps a surprise, but the moves so far have been slight. The dollar is not lower and in fact it has gained from where it was beforehand. US stocks have slipped too and the Nasdaq 100 is now backing off below 14,625
 

Ready to Get Started?

Start here. Join 2.9M Libertex users around the world!