S&P flash US services PMI (Purchasing Managers' Index) for September was 55.4 versus the 55.2 economists polled by Bloomberg were expecting. However, it's still less than the 55.7 in August. The S&P flash US manufacturing PMI for September was 47.0, far weaker than the 48.6 economists were expecting. It compares to 47.9 in August.

Catalysts anchors Seana Smith and Madison Mills break down the data in the video above.

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This post was written by Stephanie Mikulich.