Markets Buoyed by Better Global Manufacturing, U.S. Housing

Now watching

Next video starts in : 7 Play

Markets Buoyed by Better Global Manufacturing, U.S. Housing

Markets Buoyed by Better Global Manufacturing, U.S. Housing
Replay video
Up next

Community Episode 7: Advanced Safety Features

Unlock your personal NFL Now stream by signing in to NFL.com

Markets Buoyed by Better Global Manufacturing, U.S. Housing

by TheStreet.com Videos 2:53 mins

Markets Buoyed by Better Global Manufacturing, U.S. Housing

by TheStreet.com Videos 2:53 mins

U.S. markets closed higher Thursday after the release of better manufacturing data and a rise in existing home sales, which offset higher jobless claims. Key discretionary retailers beat earnings expectations, bolstering stocks in the sector. Small caps also bounced, indicating a return of risk-on appetite. Dollar Tree, Lowe's, Best Buy and Williams-Sonoma were among discretionary stocks gaining on Thursday. The HSBC Flash China Manufacturing PMI rebounded to 49.7 in May, up from 48.1 in April while the the U.S. Markit Flash PMI Manufacturing Index for May hit a three-month high, rising to 56.2 up from 55.4 in April. Jane Searle reports from the New York Stock Exchange.

Must Watch

Other Space

  1. 27:05

    Other Space Episode 1: Into the Great Beyond...Beyond

  2. 25:20

    Other Space Episode 2: Getting to Know You

  3. 25:51

    Other Space Episode 3: The Death of A.R.T.

  4. 25:46

    Other Space Episode 4: Ted Talks

  5. 26:44

    Other Space Episode 5: Trouble's Brewing

  6. 27:02

    Other Space Episode 6: Powerless

Community

  1. 27:26

    Community Episode 1: Ladders

  2. 27:26

    Community Episode 2: Lawnmower Maintenance and Postnatal Care

  3. 24:40

    Community Episode 3: Basic Crisis Room Decorum

  4. 30:58

    Community Episode 4: Queer Studies and Advanced Waxing

  5. 28:45

    Community Episode 5: Laws of Robotics and Party Rights

  6. 28:13

    Community Episode 6: Basic Email Security