Stock Market Update
06-Jul-26 10:30 ET
June ISM Services PMI
Dow -107.35
at 52792.72,
Nasdaq +275.58
at 26129.25,
S&P +41.52
at 7524.76
[BRIEFING.COM] The S&P 500 (+0.6%), Nasdaq Composite (+1.1%), and DJIA (-0.2%) trade in a relatively stable range as gains across semiconductor stocks largely outweigh some softness in the broader market.
The ISM Services PMI decreased to 54.0% in June (Briefing.com consensus: 54.2%) from 54.5% in May. The dividing line between expansion and contraction is 50.0%, so the June reading reflects services sector activity growing just a tad slower than the prior month.
The key takeaway from the report is that activity in the services sector is still running at a good pace despite ongoing price pressures. The June reading was 0.9 percentage points above the 12-month average of 53.1%.
