Explosive momentum in construction continues, and even picks up the pace, as the September ISM headline of 60.8 was well above the 58.0 anticipated by Wall Street.
That headline is the best since May 2003.
- New orders +4.3 to 64.6, a four-year high
- Employment +0.4 to 60.3, highest in six and half years
Despite the strong numbers, major equity indices are mixed with the S&P struggling to maintain its rally and techs are dragging the NASDAQ composite lower. The Dow Jones is something of a safe haven, and its holding strong and hinting of a stronger move into the close.