S&P Global 🇺🇸 Manufacturing PMI rose to 55.9 from 53.9, the highest since May 2022, while factory hiring increased at the fastest pace in over five years.
S&P says AI-related machinery and equipment spending helped drive demand, though export orders fell for a 15th straight month.
S&P 500 ended September in the red, down 0.45% marking its third decline in the past four months … index is up +11.8% YTD
[Past performance is no guarantee of future results]