U.S. stock indexes shot up higher in early trading Tuesday as the Commerce
Department said factory orders rose in February by 3 percent.
In Europe, statistical agency Eurostat said unemployment in February rose from
10.8 percent to 12 percent. Markit Economics said Britain's manufacturing sector
remained in a slump, but U.S. investors shrugged off those reports.
In midmorning trading, the DJIA added 86.78 points or 0.6 percent to 14,659.63.
The Standard & Poor's 500 index gained 9.23 points or 0.59 percent to 1,571.40.
The Nasdaq composite index rose 0.76 percent, adding 24.75 points to 3,263.93.
Ten-year U.S. treasury bonds fell 7/32 to yield 1.857 percent.
Against the dollar, the euro fell to $1.283 from Monday's $1.2849. Against the
yen, the dollar rose to 93.36 yen from 93.24 yen.
In Tokyo, the Nikkei 225 index shed 1.08 percent, 131.59 points, to 12,003.43.
