Report
October US ISM Manufacturing PMI Beats Forecast at 55.5, Extending 10-Month Expansion Streak
The October 2026 ISM Manufacturing PMI showed production at its highest since 2021; prices paid remained elevated at 75.2.
TLDR
US stocks extended gains, with the Nasdaq up 1%. Crypto traders view the reading as bullish for altcoins amid potential liquidity inflows, citing earlier expansion periods as precedent for a rally. Prices paid were still at 75.2, which one market commentator said could keep the Federal Reserve cautious on rate cuts.
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