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Wall Street ends first day of 2012 with gains after data showed U.S. manufacturing activity and construction spending picked up
This article was posted on Jan 4, 2012 and is filed under Market News
NEW YORK (Reuters) – Investors, hoping for something better than 2011’s flat stock market, pushed shares higher on Tuesday to begin the new year, though questions remain about whether a rally can be sustained.
Based on the latest available data, the Dow Jones industrial average was up 176.87 points, or 1.45 percent, at 12,394.43. The Standard & Poor’s 500 Index was up 19.18 points, or 1.53 percent, at 1,276.78. The Nasdaq Composite Index was up 43.20 points, or 1.66 percent, at 2,648.35.
(Reporting By Caroline Valetkevitch; Editing by Kenneth Barry
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