The S&P 500 Index ($SPX) (SPY) today is down -0.57%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.51%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.62%. September E-mini S&P futures (ESU25) are down -0.55%, and September E-mini Nasdaq futures (NQU25) are down -0.58%.
Stock indexes today gave up an early advance and turned lower on some disappointing news on US services activity, along with signs of sticky price pressures in the service sector. The US Jul ISM services index unexpectedly fell -0.7 to 50.1, weaker than expectations of an increase to 51.5. Also, the Jul ISM services prices paid sub-index unexpectedly rose +2.4 to a 2.75-year high of 69.9, versus expectations of a decline to 66.5.
