Northern Wyoming Daily News - Serving the Big Horn Basin for over 100 years

Stocks snap higher following encouraging signs on US economy

 

March 2, 2016



MARLEY JAY

AP Markets Writer

NEW YORK (AP) — Stocks roared to their best day in more than a month Tuesday as investors hit the “buy” button following some encouraging signs of strength in the U.S. economy. Construction spending reached its highest level in eight years in January. Banks, the worst-performing sector of the market so far this year, led the way higher.

Stocks jumped at 10 a.m., when the Commerce Department reported that construction spending continued to rise in January. At the same time, a survey showed some signs of life in the beaten-down manufacturing sector. Those we...



For access to this article please sign in or subscribe.



 
 

Powered by ROAR Online Publication Software from Lions Light Corporation
© Copyright 2017