ISM Services PMI Drops To 50.3; SP500 Tests Session Lows

On March 3, 2025, the Institute for Supply Management released ISM Manufacturing PMI report for February. The report indicated that ISM Manufacturing PMI declined from 50.9 in January to 50.3 in February, compared to analyst forecast of 50.5.

New Orders Index decreased from 55.1 in January to 48.6 in February, while Production Index declined from 52.5 to 50.7.

The Institute for Supply Management commented: “Demand eased, production stabilized, and destaffing continued as panelists’ companies experience the first operational shock of the new administration’s tariff policy.”

Today, traders also had a chance to take a look at the final reading of S&P Global Manufacturing PMI report. The report showed that S&P Global Manufacturing PMI increased from 51.2 in January to 52.7 in February, compared to analyst forecast of 51.6.

U.S. Dollar Index tested session lows as traders reacted to the weaker-than-expected ISM Manufacturing PMI report. Currently, U.S. Dollar Index is trying to settle below the 106.50 level.

Gold continued its attempts to settle above the $2880 level as traders focused on U.S. dollar’s pullback.

SP500 pulled back after the release of the disappointing report and made an attempt to settle below the 5920 level. Stock traders are worried about the slowdown of the U.S. economy.

For a look at all of today’s economic events, check out our economic calendar.