ISM Services PMI Rises To 50.8; SP500 Tests Historic Highs

On July 3, 2025, the Institute for Supply Management released ISM Services PMI report for June. The report indicated that ISM Services PMI increased from 49.9 in May to 50.8 in June, compared to analyst forecast of 50.5. Numbers above 50 show expansion.

The report showed that the services sector moved back into growth territory after one month of contraction.

New Orders Index increased from 46.4 in May to 51.3 in June, while Employment Index declined from 50.7 to 47.2.

Today, traders also had a chance to take a look at the Factory Orders report for May. The report indicated that Factory Orders increased by +8.2% on a month-over-month basis, in line with analyst expectations.

U.S. Dollar Index moved higher as traders reacted to the better-than-expected ISM Services PMI report. Currently, U.S. Dollar Index is trying to settle above the 97.00 level.

Gold settled near the $3335 level after the release of the reports. From a big picture point of view, gold markets are under pressure as traders take some profits off the table after the recent rebound.

SP500 tested historic highs as traders focused on the encouraging ISM Services PMI data. SP500 has recently climbed above the 6250 level as is trying to settle above 6275.

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