Small Signs Of Growth In The U.S. Service Sector Could Help Supply Lines

Small Signs Of Growth In The U.S. Service Sector Could Help Supply Lines

Wall Street appears to be living up to its roller coaster reputation as stock futures point to a lower open after yesterday's rally. Inflation continues to be a concern for investors. European markets were shaken by European natural gas prices which exploded 13% overnight. The rising prices helped to prompt selloffs in the German DAX (DAX:DBI) and the London FTSE (FTSEMIB:FTSE). ADP Non-farm Employment was better than expected but is unlikely to change analysts' projections for Friday's Employment Situation report. However, the positive news helped trimmed some of the losses in the futures markets before the open. The travel and leisure sectors were among the biggest gainers for jobs. The employment news is another positive sign for the service sector. Yesterday, the ISM Non-Manufacturing PMI report reported a better-than-expected uptick. The economy saw increased attention from consumers in the service sector. A focus from services over products should be a much-needed aid to supply lines that are struggling with bottlenecks and stoppages. Stocks rallied on Tuesday, recovering most of Monday's losses. The Nasdaq Composite ($COMP) dropped about 2% before closing 1. 25% higher. The index failed to break Monday's high, which some investors see as a potential signal that the