Global stock markets staged a modest recovery today boosted by strong data releases that portray a U.S. economy on the upswing.
ASSOCIATED PRESS Enlarge
NEW YORK — The stock market is closing higher for the second day in a row.
The Dow Jones industrial average rose 149 points, or 1 percent, to 14,910 points today.
It’s the first two-day gain since the Federal Reserve said on June 20 that it could end its bond-buying program by the middle of next year so long as the economy improves.
The Standard & Poor’s 500 index rose 15 points, or 1 percent, to 1,603. All 10 industry sectors in the S&P rose.
The Nasdaq composite index rose 28 points, or 0.9 percent, to 3,376.
Investors also bought bonds, sending the yield on the 10-year Treasury note down to 2.55 percent.
The price of gold fell to the lowest level in nearly three years.
Trading volume was average at 3.5 billion shares.
Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. Comments that violate these standards, or our privacy statement or visitor's agreement, are subject to being removed and commenters are subject to being banned. To post comments, you must be a registered user on toledoblade.com. To find out more, please visit the FAQ.