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Global Stocks: U.S. stock indices rose
U.S. stock indices rose on Monday amid strong earnings reports. Energy, health-care and financial stocks led the gains.
The Dow Jones Industrial Average rose 165.22 points, or 0.9%, to 17,828.76. The S&P 500 gained 24.69 points, or 1.2%, to 2,104.05 (all of its sectors climbed). The Nasdaq Composite rose 73.40 points, or 1.5%, to 5,127.15.
The Institute for Supply Management reported that activity in the U.S. manufacturing sector was almost unchanged in October, but slightly exceeded economists' expectations. The Manufacturing PMI posted 50.1 in October vs 50.2 in September and 50 expected.
Investors are waiting for U.S. jobs data. A strong report could intensify expectations for a rate hike in December.
This morning in Asia Hong Kong Hang Seng rose 1.24%, or 277.49, to 22,647.53. China Shanghai Composite Index climbed 0.11%, or 3.57, to 3.328.66. Japanese markets are on holiday.
Asian indices advanced following gains in U.S. equities. Stocks of technology companies rose most.
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