Market Overview - S&P and NASDAQ reached record highs [1] - Services sector is identified as the strongest part of the economy [3] Services PMI Data Analysis - S&P Global's services PMI for September finalized at 542%, an improvement from the initial 539% [1] - Although the final reading is the best since August, it is sequentially lower than the previous month's 545% [2] - The composite PMI also shows a similar trend, with the final reading of 539% surpassing the mid-month read of 536%, but lower than the previous month's 546% [3] - The services sector has been in expansion territory (above 50%) since January 2023 [2] Treasury Market - The 10-year Treasury yield is at 409%, down nine basis points for the week but up one basis point for the day [4] - The 2-year Treasury yield is at 355%, also up one basis point for the day and down nine basis points for the week [4]
S&P global PMI services comes in at 54.2 vs. 53.9 estimated
CNBC Television·2025-10-03 14:19