Advertisement
Australia markets closed

  • ALL ORDS

    7,937.90
    +35.90 (+0.45%)
     

  • AUD/USD

    0.6453
    +0.0001 (+0.02%)
     

  • ASX 200

    7,683.50
    +34.30 (+0.45%)
     

  • OIL

    81.46
    -0.44 (-0.54%)
     

  • GOLD

    2,315.20
    -31.20 (-1.33%)
     

  • Bitcoin AUD

    102,252.07
    +162.18 (+0.16%)
     

  • CMC Crypto 200

    1,421.23
    +6.47 (+0.46%)
     

US stocks rise on higher factory orders

AFP
US stocks fell on July 6, 2015 after Greek voters rejected a creditor austerity package

Wall Street stocks rose Monday as news of the first rise in US factory orders in eight months helped sustain positive momentum from last week's rally.

At the closing bell, the Dow Jones Industrial Average was at 18,070.60, up 46.54 points (0.26 percent).

The broad-based S&P 500 advanced 6.15 (0.29 percent) to 2,114.44, while the tech-rich Nasdaq Composite Index rose 11.54 (0.23 percent) to 5,016.93.

Peter Cardillo, chief market economist at Rockwell Global Capital, characterized the gains as "momentum buying" after the Commerce Department said new orders for manufactured goods rose 2.1 percent in March, after seven straight months of declines.

US stocks traded in positive territory all day. The advance marked the second day in a row of gains after the S&P 500 added 1.09 percent Friday.