U.S. stocks lifted by ISM services index Spain wa
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Posted On: 06/05/2012 5:21:26 PM
U.S. stocks lifted by ISM services index
Spain warns it may not be able to borrow on open market
NEW YORK (MarketWatch) — U.S. stocks rose Tuesday, lifting the Dow Jones Industrial Average into its first closing gain in five sessions, after better-than-expected data in the services sector.
http://www.marketwatch.com/story/us-stocks-mi...=afterbell
Spain warns it may not be able to borrow on open market
NEW YORK (MarketWatch) — U.S. stocks rose Tuesday, lifting the Dow Jones Industrial Average into its first closing gain in five sessions, after better-than-expected data in the services sector.
http://www.marketwatch.com/story/us-stocks-mi...=afterbell
“The optic on it is encouraging,” Mark Luschini, chief investment strategist of Janney Montgomery Scott, said of the Institute for Supply Management’s index of nonmanufacturing businesses, which rose to 53.7% in May from 53.5% in April. Read more on ISM services.
“But everything is being trumped at the moment by what is happening in Europe,” he added.
The Dow Jones Industrial Average (DJI
JIA) climbed 26.49 points, or 0.2%, to 12,127.95. A 3.2% rise for J.P. Morgan Chase & Co. (NYSE:JPM) led gains for 17 of 30 components.
The S&P 500 Index (SNC:SPX) added 7.32 points, or 0.6%, to 1,285.50, with financial companies leading the gains among the index’s 10 industry groups.
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