Colorado Springs News, Sports & Business

Stocks rise on hopeful signs for the U.S. economy

Staff reports Published: May 17, 2013

NEW YORK - Encouraging news about the U.S. economy is extending the stock market's rally.

U.S. stock indexes rose for the fourth week in a row and are at record levels.

A gauge of future economic activity rose more than analysts had expected, as did a measure of consumer confidence.

The Dow Jones industrial average rose 121 points to close at 15,354 Friday, an increase of 0.8 percent.

The Standard & Poor's 500 rose 12 points to 1,662, or 0.7 percent.

The Nasdaq composite rose 33 points to 3,499, or 1 percent.

Defense contractor Northrop Grumman rose 4 percent after announcing a big stock buyback.

Two stocks rose for every one that fell on the New York Stock Exchange. Volume was lighter than usual at 3 billion shares.

Comment Policy

Our commenting system has changed. Please register or login with your gazette.com account to comment on a story. Click here for information.

Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
AUG
21
AUG
22
AUG
23
AUG
24
AUG
25
AUG
26
AUG
27
AUG
28
AUG
29
AUG
30
AUG
31
SEP
1
SEP
2
SEP
3
Advertisement