U.S. Stocks Rise, Dollar Slips in Mixed Session: Markets Wrap
- Consumer shares lead gains after ISM services report
- West Texas crude falls below $50; Japanese yen rises
Julius Baer: Financials Underperformed Until July
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U.S. stocks ended a meandering session at fresh records, while the dollar and Treasuries were little changed as a host of events vied for investor attention.
The S&P 500 Index got a slight boost from data showing American services industries climbed at the fastest pace in 12 years, while private jobs numbers met expectations. The data did little to change views on the timing or pace for monetary tightening as investors await government payroll data Friday.