Manufacturing numbers from the US, China and Germany boosted optimism about the global economic outlook, encouraging investors to take on more risk. Major US stock indexes rose in afternoon trading, with the Dow up 1.16%, the S&P 500 gaining 1.24% and the Nasdaq climbing 1.32%. Positive manufacturing data from several large economies renewed optimism in the stock market.
2. Manufacturing numbers from the US, China and
Germany expected the renewing optimism for
the global economic outlook and encouraging
investors to take on risk.
3. Early in the afternoon trading
in New York, the Dow Jones
Industrial Average rose 1.16
percent, the Standard &
Poor’s 500 Index gained
1.24 percent and the
Nasdaq Composite Index
climbed 1.32 percent.