ISM Manufacturing PMI Holds at 54.5, Prices Index Jumps to 77.9
IXIC sits 30% above its 52-week low of $20,690.249.
Summary
The September ISM Manufacturing PMI came in at 54.5, marking the ninth consecutive month of expansion, though the index dipped 0.1 point from August. The prices index surged 6.8 points to 77.9, a four-month high, signaling intensifying cost pressures driven by tariffs and Middle East conflict. New orders rose 1.6 points to 55.3, while employment rebounded to 52.7. Tariff mentions in negative comments climbed to 34% from 29%, reflecting growing trade-war anxiety. This data provides a fresh read on manufacturing health and inflation risks, relevant for Nasdaq-listed industrial and tech companies.
At the time of this announcement, IXIC was trading at $26,871.60 on NASDAQ in the Manufacturing sector. The 52-week trading range was $20,690.25 to $27,288.79. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Mace News.