- July 7, 2021
- Posted by: Stratford Team
- Category: Business
‘Barron’s Roundtable’ panel discuss investing internationally
U.S. equity markets turned lower Tuesday amid signs of a slowdown in the services sector.
The Dow Jones Industrial Average fell 337 points, or 0.97%, while the S&P 500 and the Nasdaq were lower by 0.62% and 0.17%, respectively. All three major indexes closed at record highs on Friday.
Ticker Security Last Change Change %I:DJI DOW JONES AVERAGES 34455.69 -330.66 -0.95%SP500 S&P 500 4324.97 -27.37 -0.63%I:COMP NASDAQ COMPOSITE INDEX 14589.123738 -50.20 -0.34%
The Institute for Supply Management said the services sector, which accounts for more than two-thirds of economic activity, cooled last month as the supply-chain issues caused by COVID-19 continued to cause disruptions. The reading for the institute’s nonmanufacturing index fell to 60.1 last month after hitting a record 64.0 in May. Any reading above 50 indicates the sector is expanding.
West Texas Intermediate crude oil…
