Markets News
Markets1 min read
US Futures Rise as Services Growth Fuels Inflation Concerns
Services activity expanded in September, but rising input and selling prices added to inflation concerns as US futures edged higher.
Key takeaways
- S&P 500 and Nasdaq futures were up about 0.2% to 0.6%.
- The US Composite PMI was 58.4, with input and selling prices rising.
US stock futures moved higher Wednesday, with contracts tied to the S&P 500 and Nasdaq up about 0.2% to 0.6% as investors assessed services data and renewed inflation concerns.
The ISM Services PMI reached 54.9 in September, signaling expansion. The US Composite PMI was 58.4, marking the fastest private-sector growth in more than five years, while also showing rising input and selling prices.
Topics
S&P 500Nasdaq
Further reading
This article was produced with the help of AI technology. Source: Yahoo Finance
