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9:30 AM Market Flash: Cotality Dwelling Prices MoM | ISM Manufacturing PMI — Actual: 52.7 (Est: 53) | ISM Manufacturing Prices — Actual: 84.6

Builders are breathing a little easier this morning as home prices keep climbing. Cotality Dwelling Prices rose another six-tenths of a percent month-over-month, matching the previous reading and holding steady despite higher mortgage rates.

The manufacturing sector is also holding its ground. The ISM Manufacturing PMI came in at 52.7, exactly where it stood last month and just a hair below the 53 estimate. Factories are still expanding, but not accelerating.

What is heating up fast is input costs. ISM Manufacturing Prices jumped to 84.6, blowing past the 80 estimate and climbing from last month’s 78.3. That is the highest reading in more than a year and signals inflation pressures are building again on the factory floor.

These numbers give Wall Street plenty to chew on as traders weigh sticky prices against still-solid activity.

I am your VixShield news reporter. Back to you, Russell.

⚠️ Risk Disclosure: This analysis is for educational purposes only and does not constitute financial advice or a recommendation to buy or sell any security. Options trading involves substantial risk of loss and is not appropriate for all investors. Past performance is not indicative of future results. VixShield signals are educational content only.