S&P Global Plunges 2.12% as Global PMI Data Deteriorates

On April 4, 2025, S&P Global experienced a 2.12% drop in pre-market trading, reflecting a significant decline in investor sentiment.

The recent decline in S&P Global's stock price can be attributed to several factors. The Hong Kong PMI data for March showed a deterioration in business conditions, with the index falling to 48.3 from 49.0 in February. This decline indicates a worsening economic environment, which has negatively impacted investor confidence.

Additionally, the Canadian services PMI output index plunged to 42.0 in March, marking the steepest contraction in output since June 2020. This sharp decline in Canada's services sector has further contributed to the overall negative sentiment towards S&P Global's stock.

Furthermore, the UK services PMI highlighted concerns such as rising payroll costs and weak domestic economic conditions, which have added to the market's pessimism. These factors, combined with the impact of US tariffs, have created a challenging environment for S&P Global's operations and stock performance.