Share “Stocks rise as Chinese manufacturing rebounds”

Stocks rise as Chinese manufacturing rebounds

Published on NewsOK Modified: December 3, 2012 at 8:46 am •  Published: December 3, 2012

NEW YORK (AP) — Stocks are rising in early trading on Wall Street, following European markets higher, following news that China's manufacturing sector grew last month for the first time in more than a year.

The Dow Jones industrial average was up 50 points at 13,075 shortly after the opening bell Monday.

The Standard & Poor's 500 index was up six at 1,422 and the Nasdaq composite index rose 18 points to 3,028.

An index measuring manufacturing in China showed expansion in November for the first time in 13 months.

Grocery store operator Supervalu jumped 7 percent following a report that private equity firm Cerberus is still considering buying parts of the company.

Deckers Outdoor, which makes Uggs boots, rose 10 percent after an analyst upgraded the stock.


  1. 1
    This Russell Westbrook Promo Will Get You Jacked For His 2015-16 Season
  2. 2
    Lawton product Mike Warren has record-setting day for Iowa State
  3. 3
    Slain man's body discovered northwest of downtown Tulsa
  4. 4
    Beware of new smart chip credit card scams
  5. 5
    What is phubbing, and is it ruining your relationships?
+ show more


× Trending business Article