US stocks rise ahead of GDP, jobs data | Inquirer Business

US stocks rise ahead of GDP, jobs data

/ 05:58 AM November 05, 2013

A pair of traders works in a booth on the floor of the New York Stock Exchange on Monday, Nov. 4, 2013. Stocks indexes rose slightly on Monday as investors looked ahead to Twitter’s highly anticipated public offering later this week and the Labor Department’s employment survey on Friday. AP PHOTO/RICHARD DREW

NEW YORK CITY—US stocks on Monday ended a quiet day higher as investors looked ahead to some important economic reports later in the week, including the monthly jobs report.

At the closing bell, the Dow Jones Industrial Average tacked on 24.21 points (0.16 percent) at 15,639.76.

ADVERTISEMENT

The broad-based S&P 500 rose 6.42 (0.36 percent) to 1,768.06, while the tech-rich Nasdaq Composite Index added 14.55 (0.37 percent) at 3,936.59.

FEATURED STORIES

Dan Greenhaus, chief global strategist at BTIG LLC, characterized Monday’s economic news flow as “dead” but said markets will likely take notice of Thursday’s report on third-quarter gross domestic product and Friday’s monthly jobs report for October.

“We’ve had a really nice run here and the market feels a little tired,” Greenhaus said.

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

TAGS: close, Finance, Stock Activity, stocks, US

© Copyright 1997-2024 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.