SERVICES: The Institute for Supply Management said growth slowed at U.S. service providers in June. On the positive side, June marked the 19th consecutive month of growth at service companies, which employ the majority of American workers.
EUROPE'S DEBT: Financial companies fell following Moody's move to lower Portugal's rating to "junk" late Tuesday. That renewed concerns about big banks' exposure the European financial system.
THE INDEXES: The Dow Jones industrial average rose 56 points, or 0.4 percent, to close at 12,626. The S&P 500 index rose 1 point to 1,339. The Nasdaq added 8 points, or 0.3 percent, to 2,834.