The market is getting a boost in early trading on some better than expected economic reports. ADP reported that private payrolls rose by 40,000 in May, vs. and expected loss of -30k jobs. Also, the ISM Services Index came in at 51.7, a reading that shows the services sector is expanding and not reflective of an economy in recession.Oil is down again today, despite the DoE report that crude inventories fell again for the week ending May 30th. Normally, this report would send crude prices higher, so the weakness is notable. Oil prices are down ne[...]
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[Source: The Money Blogs]
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