The stock market rose in early trading after a report showed that manufacturing in the US and China expanded in June, boosting the outlook for global growth.
KEEPING SCORE: Standard & Poor's 500 index rose nine points, or 0.5 percent, to 1,966. The index is trading above its all-time closing high of 1,962.87 set June 20.
The Dow Jones industrial average gained 109 points, or 0.7 percent, to 16,936. The Nasdaq composite climbed 36 points, or 0.8 percent, to 4,445.
HOUSING: Homebuilders rose broadly after CoreLogic, a data provider, said that house prices increased 8.8 percent in May compared with 12 months earlier. Ryland Group rose 70 cents, or 2 percent, to $40.14 and PulteGroup rose 31 cents, or 1.5 percent, to $20.48. The homebuilder sector also rose Monday following a report that the number of Americans who signed contracts to buy homes shot up in May.
CUTTING CABLE: Netflix jumped $22.31, or 5.1 percent, to $463 after analysts at Goldman Sachs raised their outlook for the internet streaming video company. Goldman estimates that Netflix's potential audience of subscribers will double over the next three years to 207 million people as the company expands internationally. The analysts have a 12-month price target of $590 on the stock.
FACTORIES: U.S. manufacturing expanded in June, but at a slightly slower pace than in May. The Institute for Supply Management said its manufacturing index fell to 55.3 last month from 55.5 in May. Any reading above 50 indicates expansion.
MADE IN CHINA: Chinese manufacturing grew in June for the first time in six months, according to a private survey. HSBC Corp. said Tuesday its purchasing managers index rose to 50.7 from 49.4 in May.
BONDS AND COMMODITIES: In the market for government bonds prices fell. The yield on the 10-year note climbed to 2.55 percent from 2.53 percent late Monday. Bond yields fall when prices rise. The price of crude oil gained 45 cents to $105.82 a barrel.
Copyright © 2014, Los Angeles TimesAnda sedang membaca artikel tentang
Stocks open higher ahead of manufacturing report
Dengan url
http://sehatgembiralami.blogspot.com/2014/07/stocks-open-higher-ahead-of.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Stocks open higher ahead of manufacturing report
namun jangan lupa untuk meletakkan link
Stocks open higher ahead of manufacturing report
sebagai sumbernya
0 komentar:
Posting Komentar