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.
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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.
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