Monday, Jul 25, 2016
One of America's Great Newspapers ~ Toledo, Ohio

Stock Market

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

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.

Click to comment

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

Copyright © 2015 Toledo Blade

To Top

Fetching stories…