ISM Non-manufacturing was weak at 53.8 (Saxo: 54.5, consensus: 55) and it was disappointing to see the employment component go below 50 again after a very short peek above in May. The economy-weighted ISM composite is suggesting that GDP growth have only a little more to give on a YoY basis.
Source:1040 Troubles S&P 500 While ISM Non-Manufacturing Disappoints
