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Jed Graham: ISM Services Index Jumps But S&P 500 Rises On Fed Rate-Cut Outlook

The Institute for Supply Management's index of service-sector activity easily topped Wall Street's estimate of tepid growth in May. Earlier, ADP estimated that private-sector firms added a softer-than-expected 152,000 jobs in May. The S&P 500 rose moderately after the data as investors weigh the implications for the Federal Reserve

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Posted: June 5, 2024 Wednesday 11:00 AM