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Tuesday May 5, 03:39 PM
STOCKS NEWS US-Services sector contracts less severely in April

Stocks on the move Real (Frankfurt: BJU.F - news) -time Equity news U.S. stock market report 1020 ET 05May2009-Services sector
contracts less severely in April ------------------------------------------------------------------------------ The U.S. services sector contracted less severely in April, according to a report that could raise hopes that the economy had bottomed and was beginning to recover. The Institute for Supply Management's non-manufacturing index rose to 43.7 from 40.8 in March. Analysts had expected a reading of 42. Any reading below 50 represents contraction.

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