Investing.com - U.S. stocks rose on Tuesday after a widely-watched U.S. manufacturing barometer beat expectations, though concerns that the U.S. remains on track to launch military strikes against Syria dampened gains.
At the close of U.S. trading, the Dow Jones Industrial Average finished up 0.16%, the S&P 500 index rose 0.42%, while the Nasdaq Composite index rose 0.63%.
The Institute for Supply Management reported earlier that its August purchasing managers’ index rose to 55.7 from 55.4 in July, beating analysts' calls for a 54.0 reading.
The data sent stocks rising by rekindling optimism that U.S. recovery continues to gain steam, though the report did cement expectations that the Federal Reserve could start to unwind its USD85 billion monthly bond-buying program at its upcoming Sept. 17-18 policy meeting.
Monthly asset purchases drive down interest rates to spur recovery, which sends stocks up, though talk of their dismantling can roil stocks by fanning uncertainty as to how equities will respond to an absence of monetary support.
Stocks also ran into potholes after key Republican lawmakers including House Speaker John Boehner said earlier they'd support presidential calls for U.S. military attacks on Syria, which investors interpreted as a sign that conflict may be more likely.
Russia’s news agency reported earlier that a rocket launch was detected in the Mediterranean. Israel later said it carried out a joint missile test with the U.S.
Elsewhere, Verizon said on Monday it plans to buy for $130 billion Vodafone's 45% stake in their Verizon Wireless joint venture, while Microsoft said it will buy for $7.2 billion Nokia's handset business.
Leading Dow Jones Industrial Average performers included United Technologies, up 2.52%, JPMorgan Chase, up 1.17%, and Boeing, up 1.09%.
The Dow Jones Industrial Average's worst performers included Microsoft, down 4.61%, Verizon, down 2.87%, and AT&T, down 1.54%.
European indices, meanwhile, finished lower.
After the close of European trade, the EURO STOXX 50 fell 0.69%, France's CAC 40 fell 0.80%, while Germany's DAX 30 finished down 0.77%. Meanwhile, in the U.K. the FTSE 100 finished down 0.58%.
On Wednesday, the U.S. is to release data on its trade balance.
At the close of U.S. trading, the Dow Jones Industrial Average finished up 0.16%, the S&P 500 index rose 0.42%, while the Nasdaq Composite index rose 0.63%.
The Institute for Supply Management reported earlier that its August purchasing managers’ index rose to 55.7 from 55.4 in July, beating analysts' calls for a 54.0 reading.
The data sent stocks rising by rekindling optimism that U.S. recovery continues to gain steam, though the report did cement expectations that the Federal Reserve could start to unwind its USD85 billion monthly bond-buying program at its upcoming Sept. 17-18 policy meeting.
Monthly asset purchases drive down interest rates to spur recovery, which sends stocks up, though talk of their dismantling can roil stocks by fanning uncertainty as to how equities will respond to an absence of monetary support.
Stocks also ran into potholes after key Republican lawmakers including House Speaker John Boehner said earlier they'd support presidential calls for U.S. military attacks on Syria, which investors interpreted as a sign that conflict may be more likely.
Russia’s news agency reported earlier that a rocket launch was detected in the Mediterranean. Israel later said it carried out a joint missile test with the U.S.
Elsewhere, Verizon said on Monday it plans to buy for $130 billion Vodafone's 45% stake in their Verizon Wireless joint venture, while Microsoft said it will buy for $7.2 billion Nokia's handset business.
Leading Dow Jones Industrial Average performers included United Technologies, up 2.52%, JPMorgan Chase, up 1.17%, and Boeing, up 1.09%.
The Dow Jones Industrial Average's worst performers included Microsoft, down 4.61%, Verizon, down 2.87%, and AT&T, down 1.54%.
European indices, meanwhile, finished lower.
After the close of European trade, the EURO STOXX 50 fell 0.69%, France's CAC 40 fell 0.80%, while Germany's DAX 30 finished down 0.77%. Meanwhile, in the U.K. the FTSE 100 finished down 0.58%.
On Wednesday, the U.S. is to release data on its trade balance.