In this Monday, June 10, 2013 photo, traders work on the floor of the New York Stock Exchange. Global stock markets staged a modest recovery Wednesday, June 26, 2013 boosted by strong data releases that portray a U.S. economy on the upswing. (AP Photo/Richard Drew)
NEW YORK — U.S. stock indexes are moving higher for a second day as the bond market recovers from a slump.
Traders were also encouraged by an upturn in Europe.
The Dow Jones industrial average was up 84 points, or 0.6 percent, to 14,844 as of noon today. Boeing led the Dow higher with a jump of 1.8 percent.
The Standard & Poor’s 500 was up nine points, or 0.6 percent, to 1,597. Eight of the 10 industry sectors in the S&P rose.
The Nasdaq composite index was up 20 points, or 0.6 percent, to 3,368.
A stampede out of the bond market reversed course after the government reported that the U.S. economy grew at slower rate in the first three months of the year than estimated earlier.