Stock Market Today: Stocks Resume Rally on Strong Earnings, Economic Data
by Karee Venema
Aug 03, 2022
2 minutes
The major market indexes ran higher right from the start on Wednesday – and never looked back.
Helping boost investor sentiment were a pair of economic reports that indicated the U.S. economy is still growing. Data from the Institute for Supply Management this morning showed business activity in the services sector hit a three-month high of 56.7% in July.
"The ISM services index not only defied the consensus expectation for a decline,
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