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
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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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