New York, NY (AP) - Better news on the economy got stocks off to a
good start for 2011.
Reports on manufacturing and construction spending were both
better than expected.
According to preliminary calculations, the Dow Jones industrial
average rose 93 points, or 0.8 percent, to close at 11,671.
The S&P 500 gained 14, or 1.1 percent, to 1,272. The Nasdaq rose
39, or 1.5 percent, to 2,692.
Treasury prices fell as the better economic news weakened demand
for low-risk investments. The yield on the 10-year Treasury note,
which rises as its price falls, moved up to 3.34 percent from 3.29
percent late Friday.
Rising stocks outnumbered falling shares three to one on the New
York Stock Exchange. Trading volume was 1.1 billion shares.
(Copyright 2011 by The Associated Press. All Rights Reserved.)