Dow, S&P end at records in fireworks before the Fourth
Source: Reuters
BY ANGELA MOON
(Reuters) - The Dow and the S&P 500 closed at record highs on Tuesday as manufacturing activity picked up in the United States and Asia and increased optimism about the global economy's health.
The blue-chip Dow Jones industrial average came close to the 17,000 milestone in early afternoon trading, rising slightly over 1 percent to 16,998.70. The rally - led by IBM (IBM.N), up 2.8 percent at $186.35, and Visa Inc (V.N), up 1.7 percent at $214.25 - marked the first trading day of both the third quarter and the second half of 2014. The U.S. stock market will be closed on Friday for the Independence Day holiday on the Fourth of July.
Financial data firm Markit said its final U.S. Manufacturing Purchasing Managers Index rose to 57.3 in June, the highest since May 2010, although it was slightly lower than the preliminary read of 57.5.
A report from the Institute for Supply Management showed its index of national factory activity was at 55.3, little changed from May's 55.4 reading.
FULL story at link.
Read more: http://www.reuters.com/article/2014/07/01/us-markets-stocks-idUSKBN0F119U20140701
http://s4.reutersmedia.net/resources/r/?m=02&d=20140701&t=2&i=915664768&w=&fh=&fw=&ll=700&pl=378&r=LYNXMPEA5T0MU
Traders work on the floor of the New York Stock Exchange June 24, 2014.
CREDIT: REUTERS/BRENDAN MCDERMID
= new reply since forum marked as read
