U.S. Stocks Add To Gains After Factory Orders

U.S. stocks added to mild gains Tuesday after the Commerce Department said factory orders rose 0.7% in May, topping expectations for a 0.1% rise. The Dow Jones Industrial Average rose 38 points to 12,909; it was up 13 points before the data. The S&P 500 rose 4 points to 1,370 vs. a 2-point gain before the report. The Nasdaq Composite was up 8 points to 2,960 vs. a 3-point gain earlier. Sentiment was supported by expectations the European Central Bank would cut interest rates this week, hemmed in by concerns about global growth after a report Monday showed a surprise contraction in U.S. manufacturing in June.

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DOW up 70.08 | NAS up 11.35 | S&P up 5.78
(Data as of 2013-05-21 1:14 EDT)
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