US DATA REACT: Barclays says rising nonfmg ISM is

Market news

3 February 2011

US DATA REACT: Barclays says rising nonfmg ISM is

"an encouraging indication that the service sector recovery is in full swing, with the headline composite index at its highest level since August 2005 and the employment index at its highest since May 2006. Together with the upside surprise on the manufacturing ISM, these data indicate that the recovery has broadened in scope."

Dow -18.46 at 12023.51, Nasdaq -10.23 at 2739.33, S&P -4.04 at 1299.99

Pierpont Securities says Jan nonmfg ISM was little impacted by bad weather.

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