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NEW YORK (AP) — Stocks are surging after surprisingly strong growth in U.S. and Chinese manufacturing allayed worries about the global economy.
The Institute for Supply Management’s manufacturing index grew to 56.3 in August from 55.5 in July. Economists had been expecting a decline.
The positive report comes after a series of weak indicators on the U.S. economy got investors worried that the domestic recovery was losing steam.
Stocks were already climbing Wednesday after a report out of China showed that manufacturing was also growing in that country.
The Dow Jones industrial average is up 221, or 2.2 percent, at 10,237. The S&P 500 is up 26, or 2.5 percent, at 1,075, while the Nasdaq composite is up 52, or 2.5 percent, at 2,166.
Business
Stocks kick off new month with strong gains
- Business
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Dodge Dart to join compact car race
If the new Dodge Dart sells anything like the original, Chrysler will have the small-car hit it needs.
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Sugar Bowl, BP to promote Gulf seafood, tourism
The Sugar Bowl has announced plans with oil giant BP for a two-week promotion of Gulf Coast seafood and culture.
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Can foreign tourists help US economy?
More than a decade after the federal government strengthened travel requirements after the Sept. 11, 2001, terrorist attacks, foreign visitors say getting a temporary visa remains a daunting and sometimes insurmountable hurdle.
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First Cider Sippin' champ named
Village Pizza was the winner of the Sippin’ Cider contest held Dec. 10 in downtown Athens.
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Local FBLA students celebrate American Enterprise Day
Students in Debbie Wilson’s business management program at the Limestone County Career Technical Center recently celebrated American Enterprise Day with a field trip to the downtown square in Athens.
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David Perkins opening State Farm office on County Line
David Perkins opened a new State Farm Insurance office Dec. 1 at 11156 County Line Road, Suite D in Madison.
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Business Spotlight: Servpro of Limestone and Lawrence Counties
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Administration aims for simpler credit card bills
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Gov. Bentley reassures foreign industries over immigration law
Alabama's governor says he worries that the state's tough immigration law could hurt industry recruitment and that's why he's reaching out to foreign companies to let them know that Alabama welcomes them.
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Greene awarded certification in funeral business
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