Friday, June 1, 2007

Stocks rally looks like it's got legs

(Reuters) - The week starts with a report on April U.S. factory orders on Monday. The consensus estimate is for an increase of 0.7 percent, which would be well off the March pace of 3.1 percent. The March increase was the biggest in a year and sharply exceeded expectations.




Tuesday brings a report from the Institute for Supply Management on May activity in the service sector of the economy. The median forecast calls for the services index to decline to 55.3 in May from 56.0 in April.


Read more at Reuters.com Business News

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