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While financial markets have largely shrugged off the federal government shutdown, now in its third day, market watchers are attempting to determine how much it could impact the broader economy.
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The services sector stagnated in September amid a slowdown in business activity and new orders, according to the Institute for Supply Management (ISM).
The ISM Services Purchasing Manager Index (PMI)—a monthly survey of the industry’s prevailing economic direction—weakened to a lower-than-expected 50 last month from 52 in August.
