» Subscribe Today!
The Power of Information
Home
The Ledger - EST. 1978 - Nashville Edition
X
Skip Navigation LinksHome > Article
VOL. 39 | NO. 22 | Friday, May 29, 2015

Encouraging economic news gives US stocks a modest bump

Print | Front Page | Email this story

NEW YORK (AP) — U.S. stocks are closing modestly higher as investors welcome encouraging news about the job market.

Payroll processor ADP reported Wednesday that U.S. companies stepped up hiring in May.

The Dow Jones industrial average rose 64 points, or 0.4 percent, to end at 18,076.

The Standard & Poor's 500 index edged up four points, or 0.2 percent, to 2,114. The Nasdaq composite climbed 22 points, or 0.5 percent, to 5,099.

Clothing maker G-III Apparel Group surged 12 percent after reporting earnings and revenue that came in well ahead of what Wall Street analysts were looking for.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.37 percent.

Follow us on Facebook, Twitter & RSS:
Sign-Up For Our FREE email edition
Get the news first with our free weekly email
Name
Email  
TNLedger.com Knoxville Editon
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0