U.S. services sector data underscores strong economic fundamentals

U.S. services industry activity hit a seven-month high in June as new orders surged and companies hired more workers, suggesting the economy regained speed in the second quarter. The signs of underlying strength in the economy suggested it could withstand the financial markets turbulence, sparked by uncertainty following last month's stunning vote in Britain to leave the European Union, economists said. The Institute for Supply Management (ISM) said its non-manufacturing index increased 3.6 perc