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US STOCKS SNAPSHOT-Wall Street reverses losses after services sector data
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US STOCKS SNAPSHOT-Wall Street reverses losses after services sector data
Apr 3, 2024 7:32 AM

April 3 (Reuters) - U.S. stock indexes reversed losses

on Wednesday after softer-than-expected services sector data

offered relief to investors worried about fewer-than-expected

interest rate cuts from the Federal Reserve this year.

The Institute for Supply Management's non-manufacturing PMI

came in 51.4 against expectations of 52.7 forecast by economists

polled by Reuters.

At 10:04 a.m. ET, the Dow Jones Industrial Average

was up 110.70 points, or 0.28%, at 39,280.94, the S&P 500

was up 12.22 points, or 0.23%, at 5,218.03, and the Nasdaq

Composite was up 14.53 points, or 0.09%, at 16,254.98.

(Reporting by Sruthi Shankar in Bengaluru; Editing by Arun

Koyyur)

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