On March 5, 2025, the Institute for Supply Management released ISM Services PMI report for February. The report indicated that ISM Services PMI increased from 52.8 in January to 53.5 in February, compared to analyst forecast of 52.6.
The report showed that New Orders index increased from 51.3 in January to 52.2 in February, while Employment Index improved from 52.3 to 53.9. Numbers above 50 show expansion.
Today, traders also had a chance to take a look at the final reading of S&P Global Services PMI report for February. The report showed that S&P Global Services PMI declined from 52.9 in January to 51 in February, compared to analyst forecast of 49.7.
S&P Global Composite PMI decreased from 52.7 in January to 51.6 in February, while analysts expected that it would drop to 50.4.
U.S. Dollar Index moved away from session lows after the release of the better-than-expected ISM Services PMI report. Currently, U.S. Dollar Index is trying to settle back above the 104.60 level.
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See all Gold forecastsGold was mostly flat after the release of the report. Gold continues its attempts to settle above the $2920 level as traders focus on the weak U.S. dollar.
SP500 rebounded from session lows and made an attempt to climb back above the 5800 level. From a big picture point of view, stock traders remain focused on trade wars, and it remains to be seen whether ISM Services PMI report will serve as a positive catalyst for stocks today.
For a look at all of today’s economic events, check out our economic calendar.