Stock Markets Latest News: S&P 500 Crosses 1,700 Points for the First Time

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Stock Markets Latest News: S&P 500 Crosses 1,700 Points for the First Time

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Stock Markets Latest News: S&P 500 Crosses 1,700 Points for the First Time

by Wochit 0:46 mins

Stock Markets Latest News: S&P 500 Crosses 1,700 Points for the First Time

by Wochit 0:46 mins

Stocks rose on Wall Street, sending the Standard & Poor's 500 index above 1,700 points for the first time. The Institute for Supply Management has reported that manufacturing is suddenly booming in America. Its July Manufacturing Index rose handily to 55.4 from only 50.9 in June, sending the Dow Jones and Standard and Poor's averages to all-time highs. The Standard & Poor's 500 index broke through the 1,700 mark as data from around the world pointed to improving economic conditions.

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