Standard & Poor's index plunged 1.37%

U.S. stocks opened lower today after all the way down, after both fell below -1%. The three major indexes closed slightly before the rebound, as of the close, the three major stock indexes mixed decline. Which Standard & Poor's index plunged 1.37 percent led by the three major indexes.

May ISM services sector index to 44.0, slightly lower than market expectations of 45.0, but better than the 43.7 percent in April. Although the index still shows that services in the shrinking, but the speed of contraction has slowed down for three consecutive months.

April factory orders increased 0.7 percent, an increase of 0.9 percent below expectations.

The latest data show that the job market remains weak, but also signs of a turn for the better. ADP employment report showed the number of unemployed in May to reach 532,000 people, only a little higher than expected.

As of the close, the Dow Jones Industrial Average fell 65.63 points to 8,675.24 points, or 0.75 percent, the Nasdaq composite index fell 10.88 points to 1,825.92 points, or 0.59 percent, the Standard & Poor's 500 Index dropped 12.98 points , to 931.76 points, or 1.37 percent.

Released yesterday by signing into house sales index push Tuesday S & P 500 closed at an important technical significance of the 200-day MA above.

Credit Suisse will be the end of the stock market strategist at S & P 500 target is expected to remain at 920 points value, but that is no longer the stock holdings, saying the recent significant increases in bond yields have reduced the investment value of the stock market.

Credit Suisse strategist, said bond yields rise on part of the economic recovery resulted in a threat to mortgage rates by 10 basis points each, down 1% on the price. They said that the reason why the bond market good investment because they believe the market value of investment has already begun.

10-year bond yields fell 4 basis points at 3.57 percent; the beginning of this year, slightly higher than the 2 percent rate of return. Bond yields and prices were the reverse movement.

Published today in overseas countries generally positive economic data, the Australian reported that the rate of economic growth than expected; the United Kingdom reported that service sector activity for 13 months the first time since expansion.

The U.S. dollar against both the yen and the euro exchange rate rose.

Toll Brothers (TOL) and Hovnanian Enterprises (HOV) are two real estate builders reported quarterly losses suffered. Toll loss of 83.2 million U.S. dollars company, Hovnanian loss 118.6 million U.S. dollars.

Aetna (AET) shares fell 9 percent, after the insurance company announced a lowered earnings in 2009.

Mining equipment maker Joy Global (JOYG) was up 6% pre-set, after the company announced that profit grew 67 percent year-on-year.

Overseas stock market Wednesday. Asian stock markets generally higher, China's stock market closed at a new high of 10 months; by promoting positive economic data, the Australian stock market rose 1.6%.

European stock markets in commodity futures and banking plate manufacturers plate performance, the pan-European Dow Jones Stoxx 600 Index fell 1.1%.