U.S. stocks regained some lost ground Tuesday after a closely watched manufacturing index showed business growth faster than expected.
The Institute of Supply Management said the Purchasing Management Index for April came to 54.8 percent. Economists had expected a more subdued 53 percent -- figures above 50 indicating growth.
In midmorning trading on Wall Street, the Dow Jones industrial average was added 88.32 points, 0.67 percent, to 13,301.95. The Nasdaq composite index gained 30.51 points, or 1 percent, to 3,076.87.
The Standard and Poor's 500 index tacked on 12.51 points, or 0.89 percent, to 1,410.42.
The 10-year treasury note lost 8/32 to yield 1.948 percent.
The euro fell to $1.3224 from Monday's $1.3239 while the dollar rose to 80.19 yen from Monday's 79.82 yen.
In Tokyo, the Nikkei 224 index shed 1.78 percent, 169.94, to 9,350.95 after a one-day holiday.
Most Popular Stories
- NSA Defends Global Cellphone Tracking Legality
- Ad Counts Rise in 2013 for Hispanic Magazines
- Top Websites for U.S. Hispanics
- Networks Vie for U.S. Hispanic TV Viewers
- Saab Gets Back into the Game; U.S. Auto Sales Soar
- Apple Activates Customer-Tracking iBeacon
- Dell Offers Undisclosed Number of Employee Buyouts
- Authorities Close to Deal with JPMorgan Chase over Madoff Response
- 2013 Tech Gift Guide: iPad Mini Still Hot; Chromecast a Great Low-Cost Option
- A Biography of Jonathan Ive, Apple's Creative Chief