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U.S. economy grows rapidly but inflation remains a major concern, ISM survey shows

Market News
04 Nov 2026, 18:05 WIB
Market Watch
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Bearish
U.S. economy grows rapidly but inflation remains a major concern, ISM survey shows

The U.S. economy expanded strongly in October, with the Institute for Supply Management's service sector index at 54.5%, indicating growth in industries like banking, retail, and restaurants. However, despite this economic momentum ahead of the holiday season, business leaders remain worried about persistent high inflation. This inflation challenge could impact consumer spending and economic stability moving forward.

The U.S. economy's strong expansion is the focus of this update, with Pluang's market snapshot providing context as of Nov 04, 2026 22:02 WIB: Among 150 priced US stocks tradable on Pluang, 124 rose and 26 fell today. Notable movers include Microsoft (MSFT) at USD 556.25 with a 1-day change of +6.77%, DraftKings Inc (DKNG) at USD 23.40 up +6.70%, and NIO Inc. (NIO) at USD 3.40 rising +6.58%.

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