The Dow and broader U.S. stock market surged on Wednesday after a key gauge of manufacturing demand rose faster than expected in January, raising optimism that the economy was still on track. Dow Jumps Past 25,750; S&P 500, Nasdaq Follow Wall Street’s major indexes rose sharply through the late morning, overcoming a choppy pre-market for Dow futures. The Dow Jones Industrial Average climbed 198 points, or 0.8%, to 25,752.72. All but three of the Dow’s 30 index members recorded gains, with UnitedHealth Group Inc. (UNH), United Technologies Corp (UTX), and Visa Inc. (V) climbing at least 1.1% each. After a
The post Dow Surges 200 Points as Manufacturing Rebound Pumps US Stock Market appeared first on CCN
source https://www.ccn.com/dow-surges-200-points-manufacturing-rebound
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