US stocks gain, pushing market back to record levels

stocks

Christopher Walls, of Institutional Direct Inc., watches a monitor on the floor of  the New York Stock Exchange, Tuesday, Feb. 27,  2007, in New York. Wall Street fell sharply, joining a global stock decline sparked by growing concerns that the U.S. and Chinese economies are cooling and that U.S. stocks are about to embark on a major correction. (AP Photo/Henny Ray Abrams)

(Henny Ray Abrams)

By Steve Rothwell

U.S. stocks gained Monday, pushing the market to record levels, as investors assessed corporate earnings. Stocks also got a lift from a report that showed factory orders rose in March for the first time since last summer.

A promise by China’s leaders to shore up growth and hopes of progress in Greece’s bailout talks with its creditors helped global stocks rally.

The Standard & Poor’s 500 index rose 10 points, or 0.5 percent, to 2,118 as of 11:07 a.m. Eastern.

The index rose as high as 2121 in early trading, above its record at a record high of 2,117 on April 24. The Dow Jones industrial average climbed 71 points, or 0.4 percent, to 18,095. The Nasdaq composite gained 21 points, or 0.4 percent, to 5,027.

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Arnaldo Rodgers Posted by on 9:19 am, With 0 Reads, Filed under Economy. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

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