Posted By RichC on July 1, 2011
Since I’ve posted on stock market declines enough times already this year, it is time to focus on a little positive news. Recently (like the past week), the wider U.S. stock market has reacted positively to much of the news … some good some bad. Today was no exception as the markets rallied into a holiday weekend up for a fifth straight day, although in light holiday trading. Still, the week makes stock market gains the best in 2 years.
The Dow Jones Industrial Average was up 168.43 points, or 1.36 percent, at 12,582.77 while the Standard & Poor’s 500 Index was up 19.03 points, or 1.44 percent, at 1,339.67. The Nasdaq Composite Index was up 42.51 points, or 1.53 percent, at 2,816.03. Today’s move was credited to strong manufacturing data easing concerns about slowing growth.