While you were sleeping: Services sector soothes

While you were sleeping: Services sector soothes
By Margreet Dietz June 5 (BusinessDesk) - Wall Street advanced, pushing the Standard & Poor’s 500 Index to a record high, as the US services industry posted its highest reading in nine months. The Institute for Supply Management’s non-manufacturing index rose to 56.3 in May, up from 55.2 in April. Separately, the US trade deficit rose 6.9 percent to US$47.2 billion in April as imports increased. To be sure, US private employers added a lower-than-expected 179,000 jobs to their payrolls in May, down from 215,000 in April, according to t...