Arab Today, arab today us stocks rebound despite downbeat data
Last Updated : GMT 01:22:36
Arab Today, arab today
Arab Today, arab today

US stocks rebound despite downbeat data

Arab Today, arab today

Arab Today, arab today US stocks rebound despite downbeat data

New York - AFP

US stocks rebounded Monday from Friday\'s steep losses despite weaker data on manufacturing and construction spending. The Dow Jones Industrial Average jumped 138.46 points (0.92 percent) to finish the day at 15,254.03. The broad-based S&P 500 gained 9.68 (0.59 percent) at 1,640.42, while the tech-rich Nasdaq Composite rose 9.45 (0.27 percent) to 3,465.37. The Institute for Supply Management\'s purchasing managers index (PMI) on US manufacturing unexpectedly slumped into contraction territory in May, for the first time since November, and the the Commerce Department reported that construction spending in April rose 0.4 percent, less than half of the increase expected. \"The deteriorating economic data is mitigating some concerns surrounding the Federal Reserve possibly cutting its asset purchases in the near term,\" Charles Schwab & Co. said. Nevertheless, better-than-expected US auto sales in May pointed to the continued pick-up in the auto industry. Ford shares rose 1.3 percent after reporting a 14 percent increase in May sales from a year ago. General Motors climbed 1.6 percent on a 3.1 percent year-on-year sales gain. Apple edged up 0.2 percent as a New York trial opened pitching the iPhone and iPad maker against government accusations that it led a conspiracy to boost the price of ebooks. Merck leaped 3.8 percent after announcing Sunday encouraging preliminary results in the trial of a cancer therapy targeting advanced melanoma. Intel soared almost 4.0 percent. The embattled chip maker got a boost from FBR Capital Markets\'s upgrade to \"outperform,\" said Jon Ogg at 24/7 Wall St. \"Pay attention closely because Intel has been so out of favor that the investment community has been negative to the point that many more upgrades could come down the pipe,\" he added. Zynga plunged 12.0 percent after announcing plans to cut 18 percent of its staff to refocus on games for mobile devices. Bond prices advanced. The yield on the 10-year US Treasury slumped to 2.13 percent from 2.16 percent late Friday, while the 30-year yield fell to 3.28 percent from 3.31 percent. Bond prices move inversely to yields.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us stocks rebound despite downbeat data Arab Today, arab today us stocks rebound despite downbeat data

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us stocks rebound despite downbeat data Arab Today, arab today us stocks rebound despite downbeat data

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today unveils Joon - the 'millenials' airline

GMT 13:36 2017 Saturday ,23 September

unveils Joon - the 'millenials' airline
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Iran tests new medium-range missile

GMT 21:24 2017 Saturday ,23 September

Iran tests new medium-range missile
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today All eyes on May as she prepares

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares
Arab Today, arab today Big Western brands polluting oceans

GMT 20:10 2017 Saturday ,23 September

Big Western brands polluting oceans
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Carmakers face billions in European

GMT 12:37 2017 Saturday ,23 September

Carmakers face billions in European
Arab Today, arab today Mercedes pumps 1 bln euros    

GMT 06:04 2017 Friday ,22 September

Mercedes pumps 1 bln euros    
Arab Today, arab today Lebleba is preoccupied in filming 'Back Street'

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program

GMT 18:09 2017 Thursday ,21 September

China lifts 10-year travel ban

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 08:39 2017 Friday ,22 September

New Hurdles as Republicans Rush

GMT 06:49 2017 Friday ,22 September

O'Leary: Could ground more planes

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday