INQUIRER.net: US stocks rebound despite downbeat data

INQUIRER.net Philippine News for Filipinos

US stocks rebound despite downbeat data Jun 3rd 2013, 23:09 NEW YORK—US stocks rebounded Monday from Friday's steep losses despite weaker data on manufacturing and construction spending.   The Dow Jones Industrial Average jumped 138.46 points (0.92 percent) to finish the day at 15,254.03.   The broad-based S&P 500 gained 9.68 (0.59 percent) at 1,640.42, while the tech-rich Nasdaq Composite rose 9.45 (0.27 percent) to 3,465.37.   The Institute for Supply Management's purchasing managers index (PMI) on US manufacturing unexpectedly slumped into contraction territory in May, for the first time since November, and the Commerce Department reported that construction spending in April rose 0.4 percent, less tha... Keep on reading: US stocks rebound despite downbeat data Media files: wall-st.jpg (image/jpeg)

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