The S&P Global US Composite Purchasing Managers Index (PMI) for June reached 54.6, against an estimated 53.5. Major US indexes (^GSPC, ^DJI, ^IXIC) are reacting slightly to that reading, while Treasury yields (^TNX ^TYX, ^FVX) are jumping.

In addition, existing-home sales came in lower by 0.7% for the month of May, with the median sales price of homes reaching $419,300 — a record high, according to the National Association of Realtors.

Yahoo Finance Anchors Brad Smith and Madison Mills discuss the latest numbers and what they could mean for the broader market moving forward.

For more expert insight and the latest market action, click here to watch this full episode of Catalysts.

This post was written by Nicholas Jacobino