Stocks rise as manufacturing gains; Netflix rises

Associated Press |

NEW YORK (AP) — U.S. stocks are gaining after reports showed that manufacturing in the U.S. and China expanded in June.

Netflix rose 6 percent after analysts at Goldman Sachs raised their outlook on the stock.

Regeneron climbed 7 percent after the French drugmaker Sanofi said it had raised its stake in the company. The two collaborate on drug research.



The Dow Jones industrial average rose 132 points, or 0.8 percent, to 16,960 as of noon Eastern time Tuesday. IBM led the Dow higher with a gain of 3 percent.

The Standard & Poor's 500 index rose 13 points, or 0.7 percent, to 1,973. The Nasdaq composite gained 50 points, or 1.2 percent, to 4,459.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.56 percent.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Companies

Symbol Name Price Change % Volume
STYLA Styleclick Inc A 0.00 0.00 0.00 0

Comments

Emerging Growth

Valuesetters Inc

Valuesetters Inc is a next generation technology company. The Company is focused in providing technologies and infrastructure-as-a-service (Iaas) to consumer through enterprise communications, entertainment, and game platforms.

Private Markets

Almond Smart Home Router by Securifi

Securifi sells user friendly touch screen routers that also have support for IoT/home automation.Securifi’s Almond revolutionized wireless router setup with its easy to use Touchscreen Interface in 2012. Now our…

GoCoin

Blockchain currencies (e.g. Bitcoin) provide a new disruptive way to transfer value between parties over the internet as opposed to going through banks. GoCoin provides online merchants with a suite…