Nasdaq Moves Lower; US Business Activity Growth Eases In September
1. U.S. stocks, including S&P 500, traded lower amid mixed economic data. 2. S&P Global US composite PMI declined to 53.6, missing market expectations. 3. Energy shares jumped 2.5%, while consumer discretionary stocks fell 0.8%. 4. Current account deficit shrank by 42.9%, indicating potential economic improvement. 5. Global markets showed mixed results, influencing investor sentiment.