Investing.com - U.S. stocks extended their two week rally Tuesday on bullish domestic and international economic data.
At the close of U.S. trade, the Dow Jones Industrial Average gained 0.48%, the S&P 500 advanced 0.36% and the Nasdaq Composite closed higher by 0.64%.
Stocks advanced as a report indicated that manufacturing in the New York region expanded in January at the fastest pace in nine months adding to the bullish sentiment.
A German investor confidence index rocketed higher increasing hopes of economic improvement in the struggling euro zone.
Additional bullish news of China's economy expanding at the slowest pace in 10 quarters increased speculation that Premier Wen Jiabao would move to ease monetary policy.
Plunging Spanish yields from the latest debt auction added to the worldwide equity bullish sentiment.
Earnings season is in full swing with at least 48 company's scheduled to report this week. According to a consensus of 9000 analysts surveyed by Bloomberg, S&P 500 earnings may increase 9% this year to a record of USD105 per share.
Retailer Sears soared 9.2% on word that the company will seek new capital and restructure operations.
Carnival continued to suffer falling another 14% on the Italian cruise ship disaster, cruise line Royal Caribbean followed suit dropping 5.8
After the close of European trade, the EURO STOXX gained 1.49%, France's CAC 40 climbed 1.40%, while Germany's DAX closed up 1.82%. Meanwhile, in the U.K. the FTSE 100 added 0.65%.
Investors are awaiting U.S. producer price inflation and crude oil inventories on Wednesday.
At the close of U.S. trade, the Dow Jones Industrial Average gained 0.48%, the S&P 500 advanced 0.36% and the Nasdaq Composite closed higher by 0.64%.
Stocks advanced as a report indicated that manufacturing in the New York region expanded in January at the fastest pace in nine months adding to the bullish sentiment.
A German investor confidence index rocketed higher increasing hopes of economic improvement in the struggling euro zone.
Additional bullish news of China's economy expanding at the slowest pace in 10 quarters increased speculation that Premier Wen Jiabao would move to ease monetary policy.
Plunging Spanish yields from the latest debt auction added to the worldwide equity bullish sentiment.
Earnings season is in full swing with at least 48 company's scheduled to report this week. According to a consensus of 9000 analysts surveyed by Bloomberg, S&P 500 earnings may increase 9% this year to a record of USD105 per share.
Retailer Sears soared 9.2% on word that the company will seek new capital and restructure operations.
Carnival continued to suffer falling another 14% on the Italian cruise ship disaster, cruise line Royal Caribbean followed suit dropping 5.8
After the close of European trade, the EURO STOXX gained 1.49%, France's CAC 40 climbed 1.40%, while Germany's DAX closed up 1.82%. Meanwhile, in the U.K. the FTSE 100 added 0.65%.
Investors are awaiting U.S. producer price inflation and crude oil inventories on Wednesday.