Mixed Economic Data

The Institute for Supply Management, a trade group of purchasing executives, says its manufacturing index read 44.8 in June, up from 42.8 in May.
A fourth straight monthly rise in pending home sales in May.
The Commerce Department said on Wednesday that construction spending dropped 0. 9 percent in May, nearly double the 0.5-percent decline that economists had expected.
The ADP Employer Services reported companies in the United States cut more jobs than forecast in June, showing the labor market will be slow to improve.