Provided by Dow Jones
By Joe Wallace U.S. stock indexes opened higher Tuesday, ahead of manufacturing data that will give fresh insights into the state of the economic recovery. The S&P 500 ticked up 0.7%, following a fourth consecutive monthly advance for the broad stocks gauge before the Memorial Day weekend on Friday. The Dow Jones Industrial Average rose 0.8% and the technology-focused Nasdaq Composite edged up 0.6%. Investors have grown more confident that rising inflation won t lead central banks to unwind stimulus measures, pushing major indexes back toward all-time highs in recent weeks. Data showing a jump in U.S. inflation had prompted markets to stutter earlier in May. The S&P 500 closed Friday at its third-highest level in history.
Provided by Dow Jones
By Joe Wallace and Caitlin McCabe U.S. stocks pared their gains Tuesday after fresh data showed that U.S. manufacturing activity, while expanding, continues to be affected by rising commodities prices, materials shortages and difficulties in the labor market. The S&P 500 was little changed, following a fourth consecutive monthly advance for the broad index. The Dow Jones Industrial Average rose about 110 points, or 0.3%. The technology-focused Nasdaq Composite traded lower, falling 0.3% after initially rising to the start the day. All three major indexes were trading off from larger gains notched earlier in the session. Investors have grown more confident that rising inflation won t lead central banks to unwind stimulus measures, pushing major indexes back toward all-time highs in recent weeks. Data showing a jump in U.S. inflation had prompted markets to stutter earlier in May. The S&P 500 closed Friday at its th
By Joe Wallace U.S. stock futures ticked higher Tuesday, pointing to muted gains at the opening bell ahead of manufacturing data that will give fresh insights into the state of the economic.