US stocks off worst levels after ISM beats the street- S+P 500 rebound back above 5,200

There have been a number of reactions to the better than forecast US service sector ISM report. Of course the dollar has reaped some benefit, as just noted in the previous update. This better than forecast report has helped to steady the US stock markets and lifted the S+P 500 back above 5,200. The index had reopened today at 5,151 and fallen to a cash price low at 5,119. The index has bit risen to around 5,215 a moment ago, but it remains to be seen, if this data, as good as it was will be enough to stop the US stock markets having another relapse as the session develops. The S+P 500 is currently trading at 5,190