Economic Indicators - The ISM Services PMI reported New Orders and Business Activity at 47.2 and 49.9, indicating contraction compared to last month's figures of 56 and 55 [2] - The S&P Global Composite PMI is at 53.9, down from 54.6, while the S&P Global Services PMI is at 54.2, slightly lower than the previous 54.5 [7] Market Performance - The U.S. stock market opened with the Russell 2000 leading at +0.94%, followed by the Dow at +0.52%, with current levels at 2,481.60 and 46,760 respectively [2] - The S&P 500 and Nasdaq are at 6,727.43 and 22,852.39, showing slight declines from recent record highs [3] Corporate Insights - Goldman Sachs CEO David Solomon anticipates an acceleration in the U.S. economy driven by AI infrastructure, but cautions about high valuations in tech stocks [3] - Morgan Stanley's chief investment officer, Lisa Shalett, expressed concerns about potential "cracks" in AI capital expenditure spending, suggesting it could impact the market's bullish trend [4] Market Sentiment - Despite concerns regarding AI spending, all four major U.S. benchmarks are projected to reach all-time highs at the market open, fueled by optimism surrounding AI [5] - The ongoing government shutdown is limiting the availability of economic data from federal institutions, which may affect market sentiment [6]