Wall Street rises as service sector expands | The Mesh Report

Wall Street rises as service sector expands

the Mesh Report Staff August 4, 2010 0

NEW YORK (Reuters) – Stocks extended gains on Wednesday after data showed the services sector expanded at a slightly faster rate than expected in July.

The Dow Jones industrial average (.DJI) added 54.65 points, or 0.51 percent, to 10,691.03. The Standard & Poor’s 500 (.SPX) rose 5.81 points, or 0.52 percent, to 1,126.27. The Nasdaq Composite (.IXIC) gained 14.97 points, or 0.66 percent, to 2,298.49.

Stocks had opened higher, lifted by better-than-expected private sector jobs data and a handful of positive earnings reports, including Priceline.com Inc (PCLN.O).

(Reporting by Rodrigo Campos; editing by Jeffrey Benkoe)

Leave A Response »

You must be logged in to post a comment.