Loading…
Thursday, September 18, 2014
Current Weather
Loading Current Weather....
Published: Monday, 6/2/2014

Stocks erase losses after US manufacturing report is revised higher; Broadcom jumps

ASSOCIATED PRESS

NEW YORK — Stock indexes erased an early slide and ended with modest gains after a report on U.S. manufacturing was revised higher.

A trade group said U.S. manufacturing grew at a brisk pace last month, correcting its earlier statement that growth had slowed.

The Dow Jones industrial average rose 26 points, or 0.2 percent, to close at 16,743 today. Caterpillar rose the most in the Dow.

The Standard & Poor’s 500 index gained a point, less than 0.1 percent, to 1,925. The Nasdaq composite lost five points, or 0.1 percent, to 4,237.

Broadcom jumped 9 percent after saying it would seek a buyer for its division that makes chips used in cellular devices.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.53 percent.



Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.

Related stories