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The Honolulu Advertiser
Posted on: Tuesday, June 2, 2009

Encouraging economic news starts June with market rise


Associated Press

NEW YORK — The stock market began June with a big rally, thanks to another wave of encouraging economic data.

But some investors are nervous that the month, traditionally a weak one for stocks, may not end as well. The market's gains yesterday came despite signs that the economy might have a tough slog ahead of it, including rising interest rates and the nation's fourth-largest bankruptcy ever.

Traders homed in yesterday on better-than-expected readings on manufacturing, consumer spending and construction spending.