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Here Comes Markit US Services PMI...

Mamta BadkarJun 4, 2014, 19:06 IST

AP Photo/Don Ryan

Markit U.S. Services PMI for May is out at 9:45 a.m. ET.

Economists polled by Bloomberg are looking for services PMI to fall to 58.2, up from 55 the previous month. The flash reading came in at 58.4.

A reading below 50 indicates contraction.

The flash reading added to signs that the U.S. economy was regaining momentum, and followed a stronger manufacturing report.

Some better than expected economic data has brought back talk of an economic snapback.