BEAT: MAY ISM SERVICES RISES TO 53.7

burger king

Photo: (AP Photo/Luis M. Alvarez)

ORIGINAL POST: Big number of the day comes out at 10:00 AMAnalysts expect a reading of 53.4 down from 53.5 last month.

UPDATE: It’s a beat!

53.7 is an increase from last month, and a beat in expectations.

This is a nice refreshing change from all the doom. The econmy is still hanging in there.

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