Wall St. widens gains after manufacturing data

Economies.com
2016-07-01 15:04PM UTC

U.S. stock indices rose on Friday before the weekend as markets recover ground and recoup post-Brexit losses, with Wall Street heading higher for the fourth straight session. 

 

Earlier U.S. manufacturing data beat expectations handily, soothing investors' concerns about growth in the world's largest economy after May's dismal employment data. 

 

The dollar fell against a basket of major rivals today, helping shares of American exporters rise, while higher commodity prices underpinned energy and commodity shares. 

 

The dollar index, measuring the greenback's performance against a basket of six major currencies, last traded at 95.66, compared to the opening of 95.88, with a session-low at 95.40, and a high at 96.08, after the index hit a three-month high this week at 96.70. 

 

Standard and Poor's 500 rose 0.46%, or 9.56 points to 2,108.42, while Dow Jones gained 0.33%, or 59.51 points to 17,989.50.

 

Tech-heavy NASDAQ jumped 0.71%, or 34.53 points to 4,877.20. 

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