Summary
NEW YORK (AP) -- The Nasdaq composite and Standard & Poor's 500 indexes closed at five-year highs Wednesday after a positive report on the economy's service sector pushed stocks modestly higher. A jump in oil prices, however, minimized Wall Street's gains.
The Institute for Supply Management's service index, a barometer of that sector's activity, came in at 60.5 for the month, up from 60.1 in February and better than the 59 reading economists expected. The modest gains were enough to encourage Wall Street about that sector's growth, but did not appear to reignite the market's interest rate worries.See the full content of this document
Extract
Jump in Oil Prices Limits Gains in Stocks
Yet trading remained tentative as the Energy Department's weekly inv...
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