The S&P Global Services PMI Final for the USA rose to 54.8 from the previous 54.2, marking an increase of 0.6 points. This indicates a higher level of business activity in the services sector compared to the prior period.
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However, the actual figure fell short of the analyst estimate of 55.2. This shortfall may temper enthusiasm in the stock market, particularly affecting service-oriented stocks. The immediate market impact is likely to be short-term as investors reassess growth expectations in the services sector.