Wall Street buoyed by upbeat manufacturing data

Economies.com
2017-01-03 15:30PM UTC

U.S. stock indices rose on Tuesday on the back of strong manufacturing data, while crude prices gained ground today, underpinning stocks further.
 
Crude prices rose today as global oil producers stick to their deal with OPEC to cut production, which buoyed prices, in turn helping energy and oil shares on Wall Street.
 
On the other hand, earlier U.S. manufacturing data bested expectations handily in December, buoying industrial stocks.
 
investors on Wall Street are still digesting the Federal Reserve's rate hike, and to calculate its impact on markets in  the coming months.
 
Standard and Poor's 500 rose 0.92%, or 24.04 points to 2,262.87, while Dow Jones climbed 0.82%, or 161.89 points to 19,924.49.
 
Tech-heavy NASDAQ surged 1.18%, or 63.46 points to 5,446.57.

American Markets News

Americas News

Markets

Dow Jones rises ahead of US inflation data
2024-03-27 15:35PM UTC
Most US stock indices rose on Wednesday ahead of new important US data on growth and personal ...
Americas News

Markets

Wall Street gains ground following positive data
2024-03-26 15:41PM UTC
US stock indices rose on Tuesday after a series of losses as markets assess latest ...
Americas News

Markets

Wall Street loses ground as the week opens up
2024-03-25 16:16PM UTC
Most US stock indices declined on Monday as markets assess the Federal Reserve’s stance on ...