US 500 forecast: the index hit new all-time high
The US 500 index continued to reach new all-time highs within the ongoing uptrend. The US 500 forecast for today is positive.
US 500 forecast: key trading points
Recent data: the US ISM services prices for September came in at 69.4
Market impact: the data has a moderately negative effect on the US stock market
Fundamental analysis
The ISM non-manufacturing prices index for October 2025 reached 69.4, slightly above the forecast of 68.0 and only marginally higher than the previous reading of 69.2. Rising prices in the non-manufacturing sector indicate persistent inflationary pressure in the services industry, the key segment of the US economy. For market participants, this is a signal that inflationary processes remain stable despite the gradual cooling of the manufacturing sector. Such dynamics may strengthen expectations that the Federal Reserve will maintain interest rates at elevated levels for longer than previously anticipated. As a result, investors may act cautiously, particularly towards companies sensitive to changes in borrowing costs.
For the US 500, the released data could have a moderately negative impact. Elevated prices in the services sector reduce the likelihood of an imminent monetary policy easing, which could limit short-term growth of the index. However, since the figure only slightly exceeded expectations, the market reaction is likely to remain balanced.
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