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Barchart
Barchart
Rich Asplund

Stocks Higher Ahead of May ISM Services Report

United States ECB US Federal Reserve BFB Cisco Systems CrowdStrike Holdings

The S&P 500 Index ($SPX) (SPY) today is up +0.30%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.08%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.79%.

Stock indexes today are mostly higher.  Strength in technology stocks is boosting the broader market after Hewlett Packard Enterprise reported stronger-than-expected Q2 revenue and CrowdStrike Holdings reported better-than-expected Q1 EPS. Stock indexes also garnered support after the May ADP employment report rose less than expected, signaling a slowdown in the US labor market that was dovish for Fed policy.  A -2% fall in Cisco Systems is weighing on the Dow Jones Industrials.

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