Market Watch: Wall Street Eyes Worldwide Data

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U.S. stocks moved higher on Monday, as investors considered numerous data points both at home and overseas.

Manufacturing, construction and personal income numbers were encouraging to investors. Personal income levels jumped 0.3 percent in January, while the manufacturing sector enjoyed its best month since October.

Asian markets were up slightly after the People’s Bank of China slashed interest rates yet again in response to deteriorating economic conditions.

In the Euro Zone, investors cheered the slowing rates of deflation and unemployment, but were discouraged yet again by falling oil prices. Crude oil broke its’ seven-month streak of declining prices in February, but stayed relatively stable on Monday.

Here are the final numbers from Monday on Wall Street:

Dow Jones Industrial Average: 18,288.63 (+155.93)

NASDAQ: 5,008.10 (+44.57)

S&P 500: 2,117.39 (+12.89)

Phil Cannella
Partnered with CBS Radio Network, Phil Cannella reports on the issues most important to the American retiree.
Phil Cannella

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