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.