US STOCKS-Wall St ends up as ISM data upbeat; Apple above $600

lunes 5 de mayo de 2014 16:41 GYT
 

* Services sector grows in April, fastest pace in 8 months

* JPMorgan leads banks lower after trading revenue warning

* Apple shares rise above $600

* Dow up 0.1 pct, S&P up 0.2 pct, Nasdaq up 0.3 pct (Updates to close)

By Caroline Valetkevitch

NEW YORK, May 5 (Reuters) - U.S. stocks ended slightly higher as data showed strength in the services sector and Apple shares rose above $600 for the first time since 2012.

Limiting the day's gains, however, were concerns over an escalation of tensions between Ukraine and pro-Russia separatists. Ukrainian forces were ambushed by separatists, triggering heavy fighting on the outskirts of the rebel stronghold of Slaviansk, a day after a Ukrainian police station in Odessa was stormed.

The Institute for Supply Management said its services sector index rose in April, hitting the fastest pace in eight months and topping expectations. It was the latest report to offer some upbeat news on the economy, which was hit by an unusually harsh winter.

"We shook off a lot of the morning jitters, and the ISM services came out and showed pretty good growth, and that obviously brought back some buyers," said Ryan Detrick, senior technical strategist at Schaeffer's Investment Research in Cincinnati, Ohio.   Continuación...