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The Wall Street Times

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U.S. Services PMI Slows to 54% in June 2026

U.S. Services Sector Growth Cools in June as Hiring Rebounds

The U.S. services sector expanded at a slower pace in June 2026, with the Institute for Supply Management’s Services PMI easing to 54 percent from 54.5 percent in May, while the sector’s Employment Index rebounded into growth for the first time in four months. The mixed reading arrives as investors weigh the path of Federal Reserve policy ahead

Semiconductor Stocks Pull Back After 80% First-Half Surge

Semiconductor Stocks Pull Back as Investors Take Profits After 80% First-Half Surge

Semiconductor stocks fell on July 1, 2026, as investors took profits following a first half in which chip names climbed more than 80%. The rotation pulled the Nasdaq Composite down 0.66% to 26,040.03, with Micron sliding more than 10% even as it held onto a year-to-date gain above 260%. Key Takeaways Semiconductor stocks declined on July 1, 2026,

Warsh Stresses Inflation Fight at ECB Forum, Dims Rate Cuts

Fed Chair Warsh Stresses Inflation Fight at ECB Forum, Dimming Rate-Cut Odds

Federal Reserve Chair Kevin Warsh said inflation remains too elevated and reaffirmed the central bank’s 2% target during his first international appearance since taking the role, remarks that markets read as reducing the odds of near-term interest rate cuts. Warsh made the comments July 1 at the European Central Bank Forum in Sintra, Portugal, alongside the heads of

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