INQUIRER.net: US stocks rise: Less on Fed chatter, more on economy

INQUIRER.net Philippine News for Filipinos

US stocks rise: Less on Fed chatter, more on economy Jun 25th 2013, 23:58 NEW YORK—Wall Street got back to focusing on the economy instead of the Federal Reserve on Tuesday, sending stocks higher.   Four reports showed a brightening US economy. Housing and manufacturing continued to improve, and consumer confidence hit its highest level in 5 1/2 years.   The major US stock indexes closed higher, with the Dow Jones industrial average shooting up 100.75 points, or 0.7 percent, to 14,760.31. The Standard & Poor's index rose 14.94 points, or 1 percent, to 1,588.03.   The triple-digit rise in the Dow continues a bout of market volatility caused by investors and traders who are worried about the Fed ending its economic stim... Keep on reading: US stocks rise: Less on Fed chatter, more on economy Media files: wall-st1.jpg (image/jpeg)

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