Business

Stocks edge higher; US service sector improves

By Steve Rothwell
Published May 5, 2014 8:50pm ET
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Stocks edge higher; US service sector improves
Specialist Vincent Surace, right, works at his post on the floor of the New York Stock Exchange, Friday, May 2, 2014. U.S. stock futures are up slightly after the U.S. unemployment rate hit its lowest level in more than five years. The government reported the unemployment rate sank to 6.3 percent. (AP Photo/Richard Drew) | Richard Drew

NEW YORK (AP) — Worries from overseas held back the stock market on Monday.

Stocks started the day lower after a report showed that manufacturing in China, the world’s second biggest economy, had contracted for the fourth straight month. News of more fighting between pro-Russian activists and soldiers in Ukraine also made investors cautious.

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