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Services Sector Catches Down To Factory Funk As ISM Non-Manufacturing Sinks To Trump-Era Low
It's probably not a stretch to say that the September read on ISM non-manufacturing was the most hotly-anticipated services PMI in recent memory.
The abysmal read on the US manufacturing sector ISM served up earlier this week was one of the main catalysts for a steep two-day slide in equities both at home and abroad.
Headed into the back half of the week, investors were hoping for evidence that the US service economy is still holding up, even as the global factory slump seems to have made land
The key data points now will be consumer-related: employment, spending, confidence.