AP News

News Summary: Stocks start November on higher note


MANUFACTURING LIFTS STOCKS: The stock market started November on a strong note as investors reacted to an expansion in U.S. manufacturing last month. The Institute for Supply Management reported that its manufacturing index increased to the highest level since April 2011.

THE NUMBERS: The Dow Jones industrial average rose 69.80 points, or 0.5 percent, to 15,615.55. The Standard & Poor's 500 index rose 5.10 points, or 0.3 percent, to 1,761.64. The Nasdaq composite rose 2.34 points, or 0.1 percent, to 3,922.04.

EVERYONE LOVES STORAGE: The Container Store more than doubled on its first day of trading on the New York Stock Exchange. The company raised $225 million in its initial public offering, pricing 12.5 million shares at $18 each. The stock soared $18.20 to $36.20.


Toyota's Hydrogen Man
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus