Saturday, Dec 10, 2016
One of America's Great Newspapers ~ Toledo, Ohio

Stock Market

Stocks rise as manufacturing gains

NEW YORK  — U.S. stocks are gaining after reports showed that manufacturing in the U.S. and China expanded in June.

Netflix rose 6 percent after analysts at Goldman Sachs raised their outlook on the stock.

Regeneron climbed 7 percent after the French drugmaker Sanofi said it had raised its stake in the company. The two collaborate on drug research.

The Dow Jones industrial average rose 132 points, or 0.8 percent, to 16,960 as of noon Eastern time today. IBM led the Dow higher with a gain of 3 percent.

The Standard & Poor’s 500 index rose 13 points, or 0.7 percent, to 1,973. The Nasdaq composite gained 50 points, or 1.2 percent, to 4,459.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.56 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…