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U.S. Services PMI Hits 12-Mo. Low

Friday was a day light on economic numbers. One exception was Markit's flash U.S. services purchasing managers' index (PMI), which came in at 53.7 for December, as the sector's output slowed to a 12-month low.

Economists had estimated that the flash services PMI would 55.9. Incoming new jobs grew at the slowest pace since January.