NEW YORK (AP) — U.S. stocks were slipping Monday at the start of a quiet August day on Wall Street.
There was little data to trade on, other than a report from the Institute for Supply Management that the U.S. service sector expanded in July, helped by a rise in new orders.
It was the latest piece of data that economists and investors are puzzling through as they try to judge how well the U.S. economy is doing.
Last Thursday, the ISM reported that manufacturing increased last month. That sent stocks higher. The next day, the government reported that jobs were not being created as quickly as economists had predicted.
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