1. U.S. stocks traded mixed; S&P 500 fell 0.15%. 2. ISM services PMI declined to 50.1, below estimates. 3. Consumer staples rose by 0.4%; tech stocks fell 1.1%. 4. SolarMax Technology shares surged after $127 million deal. 5. Agilion Health shares plummeted 52% after withdrawing guidance.
The S&P 500 dropped 0.15%, indicating negative market sentiment. Historical patterns show consistent sell-offs after poor economic data.
The article discusses key economic indicators and stock movements that influence the S&P 500. Poor PMI data may signal a slowdown.
Negative market reactions from the ISM services PMI will likely affect near-term trading. Market trends often reverse in a few weeks post-economic announcements.