It was another sad day as we learned of the events in Las Vegas. But elsewhere, news of a strengthening economy continued to pour in, leading to a round of new all-time highs across major averages. The market-moving economic data included a blowout in the ISM manufacturing index, which came in at 60.8, signaling strong expansion, and a 0.5% rise in construction spending for the month of August.
As a result, the Industrials added 152 points to close at a new record high of 22,557. The Transports were the only major average in the red, falling a measly 0.07%, while the Nasdaq added 0.32% and the S&P 500 gained 0.39%. Both the Nasdaq and S&P also set new record closing highs.
Stocks were bullish all around the globe as well, with the exception of Spain's IBEX, which fell 1.21%. Outside of that, just about all major averages were in the green. The Stoxx 600 ... Log in or subscribe to continue reading.