Latest Service sector performance News

US services companies growth rebounds in October

Nov. 5, 2019 11:05 AM EST

WASHINGTON (AP) — Growth in the vast U.S. service sector rebounded in October after sinking to a three-year low in September causing concern for investors and economists. The Institute for Supply Management, an association of purchasing managers, reported Tuesday that its service index grew to 54.7% last...

Asian shares rise despite worries on US-China talks

Oct. 7, 2019 11:32 PM EDT

TOKYO (AP) — Asian shares rose Tuesday despite continuing worries about the health of the global economy ahead of trade talks between the U.S. and China. Japan's benchmark Nikkei 225 gained 1.1% to 21,604.16 in early trading. Australia's S&P/ASX 200 added nearly 0.6% to 6,599.60, while South Korea's...

US stocks notch solid gains as job report allays worries

Oct. 4, 2019 5:19 PM EDT

Wall Street ended a choppy week of trading with a broad rally that drove the Dow Jones Industrial Average more than 370 points higher. The gains Friday also gave the S&P 500 index its best day in seven weeks, though the benchmark index still finished with its third straight weekly loss. Technology, health...

Markets Right Now: US stocks close broadly higher

Oct. 4, 2019 4:13 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks are closing broadly higher after solid gains in hiring last month allayed some of investors' concerns that the economy was slowing down. The broad gains Friday erased nearly all of the significant losses the...

Asia stocks mixed after Wall Street rebound

Oct. 3, 2019 11:50 PM EDT

BEIJING (AP) — Asian stocks were mixed Friday after Wall Street rebounded on investor hopes for a U.S. interest rate cut. Tokyo and Hong Kong declined while Sydney gained and Seoul was unchanged. U.S. stocks pulled out of a two-day skid sparked by unexpectedly weak manufacturing and hiring data. Markets...

How major US stock indexes fared Thursday

Oct. 3, 2019 4:59 PM EDT

The stock market shook off an early stumble and ended broadly higher Thursday, breaking a two-day slump that got October off to a miserable start. Big technology companies and drug makers led the gains, while materials makers and banks pulled up the rear. A report showing that the U.S. services sector slowed to...

Markets Right Now: After early stumble, stocks end higher

Oct. 3, 2019 4:12 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. The stock market shook off an early stumble and ended broadly higher, breaking a two-day slump that got October off to a miserable start. Big technology companies and drug makers led the gains Thursday, while...

Drop in US service sector activity raises economic concerns

Oct. 3, 2019 12:30 PM EDT

WASHINGTON (AP) — Growth in the U.S. economy’s vast services sector slowed sharply in September to its lowest point in three years, suggesting that the Trump administration’s trade conflicts and rising uncertainty are weakening the bulk of the economy. The Institute for Supply Management, an...

Nurses, auto strikes may be signs of awakening US unions

Sep. 20, 2019 2:50 PM EDT

HIALEAH, Fla. (AP) — Registered nurses staged a one-day strike against Tenet Health hospitals in Florida, California and Arizona on Friday, demanding better working conditions and higher wages as the nation's labor movement has begun flexing muscles weakened by decades of declining membership amid business...

Rhode Island unemployment rate increases slightly

Sep. 19, 2019 11:07 AM EDT

CRANSTON, R.I. (AP) — Rhode Island's seasonally adjusted unemployment rate for August rose one-tenth of a percentage point over July, but was down three-tenths of a percentage point when compared to August 2018. The state Department of Labor and Training announced Thursday that the state unemployment rate...