The U.S. jobs report for May came in well below expectations, sparking worries over the health of the economy even as the chances of a summer rate hike diminished. The big miss triggered big losses for financials. Factory orders in April came in far stronger than forecasts. That's a positive sign that manufacturing headwinds such as weaker global demand and a strong U.S. dollar have begun to subside. The services sector grew at a slower-than-expected pace. The non-manufacturing ISM index for May was weighed down by its new orders and employment components. Service sector sentiment fell to its lowest level since early 2014. Gap (GPS) turned higher despite reporting a five percent decline in sales last month. TheStreet's Keris Lahiff reports from Wall Street.
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