- U.S. stocks rose, reports showing improved manufacturing from Japan to the U.S. bolstered confidence in the global economy.
- Manufacturing rebounded in June, showing gains in the U.S. housing market and stronger auto sales are helping stabilize industry.
- The S&P 500 rose 0.5 percent to 1,614.96, the Dow Jones Industrial Average increased 65.36 points, or 0.4 percent, to 14,974.96
- The Institute for Supply Management’s manufacturing index increased to 50.9 in June from 49 a month earlier. Another report from the Commerce Department showed construction spending increased 0.5 percent in May.
- In Japan, the quarterly Tankan index showed positive sentiment among large manufacturers for the first time in seven quarters.
Categories: Equity Capital Markets