Stocks open higher ahead of manufacturing report; Dow up 108
By The Associated Press
Posted 10:07AM on Tuesday, July 1, 2014
NEW YORK (AP) -- Stocks are rising in early trading as traders get ready for the latest report on U.S. manufacturing.<br />
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The early gains Tuesday were broad. Seven of the 10 sectors in the Standard & Poor's 500 index rose, led by technology stocks.<br />
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The Dow Jones industrial average rose 108 points, or 0.7 percent, to 16,934 in the first few minutes of trading.<br />
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The S&P 500 rose eight points, or 0.4 percent, to 1,968. The Nasdaq composite gained 33 points, or 0.8 percent, to 4,441.<br />
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The Institute for Supply Management will report on U.S. manufacturing production, orders and other activity in June. Economists forecast that the gauge rose for the fifth straight month.<br />
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Bond prices fell. The yield on the 10-year Treasury note rose to 2.55 percent.
