U.S. stocks ended higher on Monday, U.S. stocks gained the largest single-day rise since more than a month and a good start in the New Year ushered in the first trading day, the three major stock indexes were high in two years. Economic data show that the U.S. manufacturing sector expanded for the 17th consecutive month, boosted investor confidence in sustained economic recovery.
EST at 16:00 on January 3 (Beijing at 05:00 on January 4), the Dow Jones industrial average rose 93.09 points to close at 11,670.60 points, or 0.80%; the Nasdaq composite index rose 38.65 points, to close at 2,691.52 points, or 1.46%; Standard & Poor's 500 index rose 14.22 points to close at 1,271.86 points, or 1.13%.
Its highest intraday Dow up nearly 134 points, rose to 11,711.47 points, the highest since August 2008 a new high. The Nasdaq rose to its highest at 2704.86 points, the highest 3-year high. The highest S & P 500 index rose to 1,276.17 points, a two-year high. Crude oil futures prices have exceeded $ 92 maximum, also create a two-year high. Financial sector led the broader market.
Economic data side, the U.S. Institute for Supply Management (ISM) released in December of the ISM manufacturing index increased investor confidence. The index of new orders index rose to 56.6 from 11 to 60.9 in January, investors are excited.
U.S. Department of Commerce announced that construction spending in November rose 0.4% qoq, exceeding market expectations. According to Bloomberg News survey of economists on average expected for the ring was an increase of 0.1%. October construction spending ring which was an increase of 0.7%. The data show that U.S. construction spending the first three months of consecutive growth.