US stocks rose on Wednesday after the Greek Prime Minister is showing signs of willingness to accept the majority view and make a deal with creditors and US data pointed to a strong economy. In addition to the positive background, the financial sector rose after news of the takeover by the Swiss insurance giant ACE insurer Chubb for $ 28.3 billion.
As shown by the data submitted by Automatic Data Processing (ADP), private sector employment has grown stronger in June than in May, while the increase was more than the expectations of experts. According to a report last month, the number of employees increased by 237 thousand. Man compared with a revised upward index for May at the level of 203 thousand. (Originally reported 201 thousand.). According to forecasts of the value of this indicator was to reach 217 thousand.
In addition, in June manufacturing activity in the US has improved, beating forecasts a slight improvement. A report published by the Institute of Supply Management (ISM), showed that the PMI index for the US manufacturing in June amounted to 53.5 points against 52.8 points in May. The latter value was higher than the estimates of experts - is expected to increase to 53.1 points.
At the same time, spending on construction in the US increased by the end of May, exceeding the forecasts of experts, and reached its highest level in a little more than 6.5 years. According to the Ministry of Trade, in May construction spending rose by 0.8% to $ 1.04 trillion. on an annualized basis. It is worth emphasizing the last value was the highest since October 2008.
Most components of the index DOW traded in positive territory (23 of 30). Outsider shares in EI du Pont de Nemours and Company (DD, -4.00%). Most remaining shares rose The Travelers Companies, Inc. (TRV, + 2.50%).
The S & P mainly in positive territory. Most of the financial sector increased (+ 0.8%). The outsider is the sector of basic materials (-1.5%).
At the close:
Dow + 0.80% 17,759.91 +140.40
Nasdaq + 0.53% 5,013.12 +26.25
S & P + 0.70% 2,077.65 +14.54