News

United States ISM Services Employment Index up to 48.2 in October from previous 47.2

United States ISM Services New Orders Index up to 56.2 in October from previous 50.4

The TASER maker said its connected devices business felt the biggest pinch from its first full quarter of tariff impacts.

Sector Overview

Today’s market heatmap presents a varied landscape, with significant movements across different sectors. While the semiconductor sector shows a mixed performance, the standout success story today is Tesla in the consumer cyclical sector, posting a significant gain of 1.56%.

• Technology: The tech sector experiences a minor pullback overall. Microsoft (MSFT) is down 0.45%, and Oracle (ORCL) sees a negligible decrease of 0.01%.
• Semiconductors: With notable fluctuations, this sector features NVidia (NVDA) slightly down by 0.40% while Micron Technology (MU) bucks the trend with an impressive rise of 4.41%.
• Consumer Electronics: Apple (AAPL) slides down 0.64%, reflecting challenges within the consumer electronics space.

Market Mood and Trends

The overall sentiment in today’s market appears cautious yet opportunistic. Investor focus seems divided between sectors with potential growth, such as consumer cyclical, and those encountering hurdles, like technology and semiconductors. This complexity indicates nuanced decision-making processes among traders.

The resilience of consumer cyclical stocks, particularly Tesla, suggests an optimistic outlook towards renewed consumer spending and innovation within the automotive sector.

Strategic Recommendations

• Diversify Across Sectors: While tech faces some hiccups, diversifying investments in consumer-focused sectors like automotive can provide balance, especially with Tesla’s positive performance.
• Monitor Semiconductor Developments: Given the volatility, keeping an eye on upcoming reports related to semiconductor stocks will be crucial for making informed decisions, with a particular focus on Nvidia and Micron’s contrasting performances.
• Stay Informed: Continue to engage with updates and detailed analyses on platforms like InvestingLive.com to access real-time data and expert insights, an essential strategy in today’s fluctuating market.

With mixed signals dominating today’s landscape, a balanced portfolio approach with a focus on emerging opportunities could be the way to navigate the fluctuating market forces effectively. Always stay ahead with current trends and potential impacts on future market behavior.

This article was written by Itai Levitan at investinglive.com.

United States S&P Global Services PMI registered at 54.8, below expectations (55.2) in October

• Prelim was 55.2
• September final reading was 54.2
• Composite PMI 54.6 vs 54.8 prelim

The ISM services index is due at the top of the hour, and there will be an extra focus on the employment component.

This article was written by Adam Button at investinglive.com.

United States S&P Global Composite PMI came in at 54.6, below expectations (54.8) in October

NATCA President Nick Daniels said on CNBC’s “Squawk Box” Wednesday that it could take the industry “weeks to recover” from the impacts of the shutdown.

This is the first positive reading in the Canadian services PMI since last November, though it wasn’t exactly robust and the commentary in the report was poor:

• Latest prices data showed another round of steeply rising
  operating expenses, although competitive pressures meant
  the degree of cost pass through to clients remained relatively
  subdued.
• Suppliers were reported to
  be raising their charges
• Staffing levels
  also fell as firms generally chose not to replace any leavers
• new business declined for an eleventh month
  running
• Backlogs of work
  declined steeply whilst confidence in the outlook was again
  below trend

Paul Smith, Economics Director at S&P Global Market
Intelligence, said:

“October’s survey data signalled a return to (admittedly
marginal) growth of Canada’s service sector amid some
evidence of a stabilisation in the business environment.
However, whilst welcome, growth realistically failed
to make up for the sustained period of contraction
seen through much of 2025 and should be viewed in
the context of the continued uncertainty and client
hesitancy that still plagues market demand.

“Political and economic uncertainty, especially in
relation to trade policies, also continues to dominate
the outlook with confidence amongst firms remaining
sub-par in October. That helped to explain why
companies were again reluctant to replace any leavers,
especially given evidence of continued spare capacity
in the sector.

“Against this backdrop of soft employment and
economic activity trends, and with selling price
inflation remaining below trend, the latest PMI data
once again provide a timely reminder of why the Bank
of Canada loosened monetary policy again last week.”

The inflation commentary should make the Bank of Canada anxious. If they’re forced to reverse course and hike rates, it would certainly plunge the economy into a recession.

This article was written by Adam Button at investinglive.com.

The USDCAD is higher on the day and working on its sixth consecutive daily gain, as buyers continue to press their advantage. The move higher has extended beyond several key technical targets, underscoring the strength of the current momentum.

The rally began after a failed break below the 50% midpoint at 1.3903, which triggered renewed buying interest. Momentum accelerated following the FOMC rate decision, which was viewed as less dovish, helping the pair push back above both its 100- and 200-hour moving averages. Although the price briefly dipped below the 200-hour MA last Thursday, it quickly rebounded and held above—a key confidence boost for buyers.

Yesterday, the pair broke above a swing area between 1.4060 and 1.4067, along with the October high at 1.4079, confirming the upside bias. That bullish momentum has carried into today, with the price extending to 1.4140.

The next major target lies at the 50% retracement of the 2025 trading range, coming in at 1.4166, followed by a swing level at 1.4176. A move above the 50% midpoint would reinforce buyer control and likely force sellers to back away, signaling that upward momentum remains firmly in play.

he video above outlines the technical levels in the moves explaining the bias shift in the risk and target levels.

This article was written by Greg Michalowski at investinglive.com.