News
The U.S. ISM non-manufacturing supplier deliveries index for August was 51.3, compared to 52.8 in the previous month.
The U.S. ISM non-manufacturing inventory index for August was 56.7, compared to 51.4 in the previous month.
The U.S. ISM non-manufacturing employment index for August was 47.8, compared to 47.4 in the previous month.
The U.S. ISM non-manufacturing price index for August was 72.6, compared to 70.3 in the previous month.
The US ISM non-manufacturing PMI for August was 55.4, below the expected 54.2 and the previous reading of 54.1.
The US ISM non-manufacturing new orders index for August was 60.9, compared to 57.2 in the previous month.
According to Axios: The U.S. House of Representatives has canceled voting scheduled for September 21-October 1. September 14-17 will be the last few days of the House before the midterm elections. The House will reconvene on November 9.
Market news: The U.S. House of Representatives has canceled voting scheduled for the last two weeks of September.
U.S. software stocks rose, with ServiceNow (NOW.N) up 5.5%, Adobe (ADBE.O) up 3.3%, and Salesforce (CRM.N) up 3%.
The US August ISM non-manufacturing PMI will be released in ten minutes.
Irish Prime Minister Martin: The goal is to secure an EU proposal for small and medium-sized enterprises before Christmas.
The final reading of the S&P Global Services PMI for August in the United States was 56.5, compared to 56.8 in the previous month.
The final reading of the S&P Global Composite PMI for August in the United States was 56, unchanged from the previous reading.
Tesla (TSLA.O) shares extended gains to 5% in early trading.
The final value of the US S&P Global Services PMI for August will be released in ten minutes.
The Dow Jones Industrial Average opened 349.47 points higher, or 0.66%, at 53,411.42 on Thursday, September 3; the S&P 500 opened 31.03 points higher, or 0.40%, at 7,697.71; and the Nasdaq Composite opened 115.08 points higher, or 0.44%, at 26,332.91.
Canada's S&P Global Services PMI for August was 46.8, compared to 49.1 in the previous month.
U.S. stocks opened higher, with the Dow Jones Industrial Average up 0.59%, the S&P 500 up 0.4%, and the Nasdaq Composite up 0.45%. Snowflake (SNOW.N) opened 24% higher after Q2 results beat expectations and the company raised its full-year guidance. Broadcom (AVGO.O) fell more than 4% after Q4 guidance fell short of expectations.
Britain's FTSE 100 gained 1.00% on the day.
Federal Reserve Governor Waller: The inflation task force is probably the most helpful to the Federal Open Market Committee.