June's Services Purchasing Managers' Index (PMI) data released Wednesday morning fell short of economist expectations. The Institute for Supply Management (ISM) services index registered at 48.8, below the anticipated 52.7. A reading below 50 indicates a contraction in the sector.

Catalysts hosts Madison Mills and Brad Smith break down the details of the report, exploring market reactions in US equities (^DJI, ^IXIC, ^GSPC) and Treasury yields (^TYX, ^TNX, ^FVX), and the print's implications for the broader economy.

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

This post was written by Angel Smith