Fresh data, Merkel comments push US stocks higher
NEW YORK (AFP) - United States (US) stocks put on solid gains on Thursday after two flat days helped by fresh employment and housing data and German Chancellor Angela Merkel's supportive comments in Canada for the European Central Bank (ECB).
But social networking giant Facebook hit a new low, sinking below US$20 (S$25) for the first time as the quiet period for early investors ended, and Manchester United, which went public last Friday, closed below its initial pub lic offering (IPO) price for the first time.
The blue-chip Dow Jones Industrial Average finished up 85.33 points (0.65 per cent) at 13,250.11.
The broader S&P 500 index added 9.98 (0.71 per cent) to 1,415.51, while the tech-heavy Nasdaq surged 31.46 points (1.04 per cent) to 3,062.39.