Daily Market Update 2/5/14

Mortgage rates were little changed Wednesday in volatile trading.  This morning, payrolls firm ADP forecast January private sector job growth of 175,000, slightly below expectations.  The Institute for Supply Management services index rose to 54.0, in line with forecast.  Readings above 50.0 indicate expansion in the services sector.  Stocks moved modestly lower.  No other key economic data will be released today.

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