Stock Market Today: Stocks Resume Rally on Strong Earnings, Economic Data

The ISM services index and the latest reading on factory orders both came in higher than expected.

green and white arrows going up
(Image credit: Getty Images)

The major market indexes ran higher right from the start on Wednesday – and never looked back.

Helping boost investor sentiment were a pair of economic reports that indicated the U.S. economy is still growing. Data from the Institute for Supply Management this morning showed business activity in the services sector hit a three-month high of 56.7% in July.

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Karee Venema
Senior Investing Editor,

With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at Schaeffer's Investment Research. In her previous role, Karee focused primarily on options trading, as well as technical, fundamental and sentiment analysis.