ISM services index slows in April

WASHINGTON (MarketWatch)
A key index showed the nation's services industry expanded in April, though at a weaker rate than anticipated
The Institute for Supply Management's services index weakened to 53.1% from 54.4% in March, and below the 53.7% expected in a MarketWatch-compiled economist poll
Business activity, new orders, employment and prices indexes all dropped during the month but stayed above the 50% mark indicating expansion