Square stock bulls focus on its Cash App and Afterpay synergies but bears worry over Bitcoin and a possible recession. Read More...
Reuters
Futures rise ahead of services activity data; PayPal shines
The Institute of Supply Management’s data, due at 10 a.m. ET, is expected to show its index for non-manufacturing activity slipped to 53.5 last month from 55.3 in June, the fourth straight monthly decline. Wall Street started August on a sour note after data earlier on Monday showed factory activity across the United States, China and Eurozone weakened in July, while U.S. House of Representatives Speaker Nancy Pelosi’s visit to Taiwan sparked concerns about escalating tensions between the United States and China.
