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Benchmark US Stock indices including Dow Jones industrial Average, Nasdaq Composite index and Standard and Poor 500 are up on strong US manufacturing data. China manufacturing data also showed strong improvement as U.S. Institute for Supply Management's index of national factory activity rose to 53.4, topping forecasts. A reading above 50 indicates expansion. China's Purchasing Managers' Index hit an 11-month high.
US investors took positive cues from this development and all three major indices Dow Jones Industrial Average, Nasdaq Composite index, Standard and Poor 500 are in green. Datd shows that US economy is moving faster as compared to Europe.
TheDow Jones industrial averageis up by 76.48 points at 13,288.52 TheStandard & Poor's 500 Indexalso gained 12.52 points at 1,420.99. The tech heavyNasdaq Composite Indexadded 27.85 points at 3,119.42. US stock markets shall remain in green through out the trading day.