America Breaking News: Service Sector Growth Slows to Three-year Low in June: ISM

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America Breaking News: Service Sector Growth Slows to Three-year Low in June: ISM

America Breaking News: Service Sector Growth Slows to Three-year Low in June: ISM
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America Breaking News: Service Sector Growth Slows to Three-year Low in June: ISM

Wochit 0:48 mins

The pace of growth in the services sector slowed in June to its weakest level in over three years as new orders nearly stalled, though a jump in employment provided an encouraging sign for the labor market. Beauty products company Avon is selling the jewelry company Silpada back to the company's co-founders and their families for $85 million, a fraction of what it paid for the company three years ago. Stock index futures fell ahead of an abbreviated trading session, tracking international weakness amid investor concerns about the pace of global economic growth.

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