Bloomberg reports “better-than-estimated growth in American and Chinese manufacturing bolstered confidence in the global economic recovery.”
While CNN Money pointed to how investors “shrugged off a dour report from payroll processing firm ADP — which is widely used as a leading indicator ahead of Friday’s job report from the Labor Department.” (A loss of 100,000 jobs)
In tech news – Apple which advanced 3.3 percent, is reported to introduce new TV technology pared with Netflix (up 4.8 percent) while Amazon is said to be planning its own online video-subscription service to rival Netflix, climbed 4.9 percent (Bloomberg)