82°

Topics

Celgene Corporation
S&P 500 closes at record high on manufacturing pickup
S&P 500 closes at record high on manufacturing pickup

New signs of life in the U.S. manufacturing sector helped push the stock market to a record high Tuesday. The Standard & Poor's 500 index gained 13.18 points, or 0.7 percent, to close at 1,885.52. That's above its previous record of 1,878.04, set on March 7. The gains were broad, with eight out of the ten sectors in the S&P 500 rising. The Dow Jones industrial average rose 74.95 points, or 0.5 percent, to 16,532.61. The technology-heavy Nasdaq composite rose 69.05 points, or 1.6 percent, to 4,268.04. Investors were encouraged by two mostly positive economic reports focused on U.S. manufacturing. The Institute for Supply Management's manufacturing index rose...

Loading