The EconomyActivity in the services sector tapered in June, according to the Institute for Supply Management's non-manufacturing index, which came in at a lower-than-expected reading of 53.8. That compares to May's level of 55.4. Economists had been anticipating a marginal improvement in June with a projected reading of 55.5.
Company NewsMicrosoft ( MSFT), Alcoa ( AA) and BAnk of America ( BAC) helped lead the Dow higher, while Home Depot ( HD), Boeing ( BA) and Verizon ( AXP) were among the handful of components closing in negative territory. A Goldman Sachs analyst cut his price target on
Commodities and the DollarCrude oil for August delivery fell from an earlier higher of $73.86 to settle 16 cents lower, or down by 0.2%, at $71.98 a barrel. Elsewhere in commodity markets, the August gold contract lost $12.60, to settle at $1,195.10 an ounce. The dollar was trading lower against a basket of currencies, with the