A gauge of U.S. service industries dropped to its weakest level in almost 2 years, led by a cooling in employment that may temper labor market optimism.
ADP reported private payrolls rose only 102,000 in June, missing expectations. Weakness in the labor market could support a Fed rate cut later this month.
The 4th of July holiday week is typically marked by low trading volume, as markets close and traders take time off.
REALTOR® | MCNE
REALTOR® | CNE