ISM Non-Manufacturing Index Hits All-Time High - Adviser Investments

ISM Non-Manufacturing Index Hits All-Time High

Todd Peters, senior vice president at Adviser Investments, has the market analysis for Wednesday, October 3.  The Dow Jones Industrial Average reached yet another high-water mark after advancing 0.2%, and the S&P 500 and NASDAQ gained 0.1% and 0.3%, respectively. Meanwhile, Automatic Data Processing released private-sector employment data, revealing 230,000 jobs added last month—the most since February. Elsewhere, the Institute for Supply Management’s non-manufacturing index surged to 61.6. This is the highest monthly level since that gauge began in 2008, reflecting across-the-board growth in all 17 industries covered by the report.

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