U.S. markets recoup more than half of Friday's losses

June 3, 2013 at 7:31 PM
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NEW YORK, June 3 (UPI) -- U.S. markets snapped back from Friday's losses, despite mixed economic data.

The Institute of Supply Management said manufacturing activity slowed in May, but the figure was just a shave away from the break-even point and not far off of April's figure, which was just above break even.

Construction spending rose from March to April, the government said, but the gain was marginal with outlays up 0.4 percent.

Autodata reported strong car sales in May with sales at Ford Motor Co. up 14.1 percent from the same month of 2012.

On Wall Street, the Dow Jones industrial average added 138.46 points or 0.92 percent to rebound to 15,254.03 after having shed almost 209 points Friday. The Standard & Poor's 500 index gained 9.68 points, 0.59 percent, to 1,640.42. The Nasdaq composite index added 9.45 points or 0.27 percent to 3,465.37.

On the New York Stock Exchange, 1,387 stocks advanced and 1,701 declined on a volume of 3.9 billion shares traded.

In Japan, the Nikkei 225 index dropped 3.72 percent, 512.72 points, to 13,261.82.

In Britain, the FTSE 100 gave up 0.88 percent, 57.97 points, to 6,525.12.

The 10-year treasury rose 10/32 to yield 2.123 percent.

Crude oil prices added $1.29 to reach 93.26 a barrel on the New York Mercantile Exchange.

NYMEX gold gained $18.20 to reach $1,411.20 per troy ounce.

On currency markets, the euro rose to $1.3075 from Friday's $1.2994. Against the yen, the dollar was lower at 99.52 yen from 100.45 yen.

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