Indexes climb after ISM services data
U.S. stocks rose on Tuesday, led by financial and technology shares, even though data showed U.S. non-manufacturing activity grew at a slower rate than expected in June.
* Financial and technology sectors led the gains, boosted by signs of strength in Europe's banking system and ahead of a large initial stock offering by the Agricultural Bank of China.
* The Dow Jones industrial average <.DJI> rose 147.36 points, or 1.52 percent, to 9,833.84. The Standard & Poor's 500 Index <.SPX> jumped 16.86 points, or 1.65 percent, to 1,039.44. The Nasdaq Composite Index <.IXIC> climbed 38.40 points, or 1.84 percent, to 2,130.19.
(Reporting by Leah Schnurr)
© Copyright Thomson Reuters 2024. All rights reserved.
Join the Discussion
Editor's pick