Markets post gains

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NEW YORK, July 3 (UPI) -- U.S. stock indexes closed higher Tuesday in a holiday-shortened trading session.

The Commerce Department gave confidence a boost, reporting factory orders rose 0.7 percent in May over April. Economists had expected a far more meager gain of 0.2 percent.

The Dow Jones industrial average added 72.43 percent or 0.56 percent to 12,943.82 at the early afternoon pre-holiday close. The S&P 500 gained 8.51 points or 0.62 percent to 1,374.02. The Nasdaq composite index gained 24.85 points or 0.84 percent to 2,976.08.

On the New York Stock Exchange, 2,386 stocks advanced and 616 declined on a volume of 2.1 billion shares traded.

The 10-year benchmark treasury note fell 13/32 to yield 1.633 percent.

The euro rose to $1.2608 from Monday's $1.2576. Against the yen, the dollar rose to 79.84 yen from 79.51 yen.

In Tokyo, the Nikkei 225 index gained 0.7 percent, 63.11, to 9,066.59.

In London, the FTSE 100 index added 0.83 percent, 47.09, to 5,687.73.