US STOCKS SNAPSHOT-Wall Street reverses losses after services sector data
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U.S. stock indexes reversed losses on Wednesday after softer-than-expected services sector data offered relief to investors worried about fewer-than-expected interest rate cuts from the Federal Reserve this year.
The Institute for Supply Management's non-manufacturing PMI came in 51.4 against expectations of 52.7 forecast by economists polled by Reuters.
At 10:04 a.m. ET, the Dow Jones Industrial Average was up 110.70 points, or 0.28%, at 39,280.94, the S&P 500 was up 12.22 points, or 0.23%, at 5,218.03, and the Nasdaq Composite was up 14.53 points, or 0.09%, at 16,254.98.
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