The Institute for Supply Management will release its nonmanufacturing index for the month of January, which is expected to come in at 32.8.

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The U.S. nonmanufacturing sector's expansion picked up steam in May, bucking economists' expectation for it to slow, according to the Institute for Supply Management.

WSJ: U.S. Stocks Rise on Service-Sector Data

The U.S. nonmanufacturing sector expanded last month but at a slower pace as a deceleration in business activity outweighed a rise in employment, data said.

WSJ: What's News

One bright note was the Institute for Supply Management nonmanufacturing index.

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The Institute for Supply Management's reading on the U.S. nonmanufacturing sector came in worse than expected, slipping to its lowest level since August 2012, and employment slowed as well.

WSJ: Dow Sheds 111 Points

On the economic front, the nonmanufacturing sector expanded at a faster pace in February than a month earlier, bucking economists' forecasts for it to slow, according to the Institute for Supply Management.

WSJ: Dow Keeps Hold on Record

On the economic front Tuesday, the nonmanufacturing sector expanded at a faster pace than a month earlier, bucking economists' forecasts for it to slow, according to the Institute for Supply Management's nonmanufacturing purchasing managers index for February.

WSJ: Dow Breaks Record, Keeps Going