Major stock indexes rose Tuesday as investors sifted through a fresh round of data that signaled a resilient U.S. economy.
The S&P 500 advanced 1.1% and the Nasdaq Composite added 1.6%, while the Dow Jones Industrial Average closed 0.6% higher.
Orders for manufactured U.S. goods rose 1.7% in May, helped by strong demand for passenger planes and new autos. It was the third consecutive month of gains, a sign that manufacturing orders may have bottomed after slumping last year. Orders rise in an expanding economy and shrink in a contracting one.
Read the full story on The Wall Street Journal here.