Stocks are little changed after the S&P 500’s best week since March: Live updates

Travel and leisure stocks dipped into negative territory, with a 0.5% downturn, followed by retail, which was down 0.4%.Japan's service sectorThe country's services purchasing managers' index came in at 55.9, surpassing the previous record of 55.4 set last month and extending its streak to six straight months of quickening expansion.

It also added that firms' outlook for business activity remained "strongly optimistic," with "particular emphasis placed on the strength of the tourism sector."Hong Kong private sector expansion slows in May as reopening momentum wanes S&P Global said the recent boost to growth in Hong Kong, from the full resumption of travel between the city and mainland China, "was beginning to wane."

The reading saw a recent peak of 57.8 in March, rebounding from a recent low of 46.7 in November as the economy emerged from China's stringent Covid restrictions.

Source: News Formal (newsformal.com)

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