Wall Street

Wall St eyes bounce back ahead of services activity data

Published by
Reuters

By Aniruddha Ghosh and Devik Jain (Reuters) – U.S. stock indexes were set for higher open on Wednesday after two days of declines as focus shifted to services activity data due later in the session for more clues on the health of the economy, while PayPal soared on raising its forecast. The Institute of Supply Management’s data, due at 10 a.m. ET, is expected to show its index for non-manufacturing activity slipped to 53.5 last month from 55.3 in June, the fourth straight monthly decline. “What we want is Goldilocks number, big numbers right now are bad, whether they’re big and good, or big an…

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