The non-manufacturing sector expanded at a slower pace in September, according to the Institute for Supply Management. The services index came in at 54.4%, below expectations and below August's reading of 58.6%. A reading above 50 signals expansion. This was the 45th consecutive month above that level…the non-manufacturing index (in blue) continues to hover around the mid-50's, which is where it has been for the last 3 years: In other words, the Muddle Through Growth economy continues.” Full story at…
Thursday, the S&P finished down 0.9% to 1679 (rounded) at the close.
The VIX indicator is now a negative due to rising VIX. Volume is borderline negative. Price is positive.