ISM Services Index

August ISM Services come in at 53.3, better than expected and equities are reacting somewhat positively. Expectations were for 51.0, and it came in at 53.3, the third lowest reading of 2011. Equities are still sharply lower, with the Dow off 201 points, the NASDAQ off 39 points and the S&P...

Goldman Sachs Group, Inc. (NYSE: GS) shares were the tell this morning, as we have rallied significantly since the open of trading. I wrote that Goldman Sachs shares were being bid, while everything else was being hit hard. Since then, the equity markets have cut their losses in half, and the ISM...

Tomorrow is a major day in terms of economic reports, with the largest report being the May Nonfarm Payroll report due out before the start of trading. Previewing the various economic reports will give traders a good idea on how to play them, whether it be long or short. At 8:30 a.m., the Bureau...

February ISM Services were just released and it came in better than expected. ISM Services came in at 59.7, versus economists estimates of 59.0. The prior month remained at 59.4.

The November ISM services index and October factory orders were just released, and numbers came in much better than expected, supporting equities. The November ISM services index showed a reading of 55.0, versus expectations of 54.8 October factory orders came in at -0.9%, versus expectations of...

The ISM Services Index for April was unchanged from March at 55.4. This reading was slightly below the consensus of 56.1, but still shows that non-manufacturing is expanding. April's reading was the fourth consecutive month of expansion. The employment index slipped to 49.5 from 49.8 while the...