NPR : News

Filed Under:

UPDATED: On Manufacturing News, Dow Closes At Highest Level In Four Years

Adding 87 points, the Dow closed at 13,339, its highest level since December of 2007.

CNN Money reports that the index rose in reaction to a rise in U.S. manufacturing activity.

The Wall Street Journal adds:

"Market watchers said the better-than-forecast report comes at a key juncture for stocks. Both the S&P 500 and Nasdaq finished April with their first monthly declines this year, and the Dow eked out a narrow gain last month.

"'You needed a second leg for [momentum in stocks] not to decelerate,' said Mark Lehmann, director of equities at JMP Securities in San Francisco. 'Then May kicks off, and you've got a piece of very good news.'"

Our Original Post Continues:

Stocks are rallying today — the Dow Jones Industrial Average is the highest it's been since the last day of 2007 — thanks to stronger-than-expected news about the strength of the nation's manufacturing sector. As of 1:15 p.m. ET, the Dow stood near 13,328. Other major indices were also up.

The news behind the rally came from the Institute for Supply Management, which said its research indicates that "economic activity in the manufacturing sector expanded in April for the 33rd consecutive month, and the overall economy grew for the 35th consecutive month."

As The Associated Press says, "solid growth in manufacturing suggests the slowdown in hiring and factory output in March may have been a temporary lull." Bloomberg News adds that the news "bolstered investors' optimism in the world's largest economy."

Copyright 2012 National Public Radio. To see more, visit

WAMU 88.5

The Music And Legacy Of Motown

Motown founder Berry Gordy and director Charles Randolph-Wright of “Motown the Musical" join Diane for a conversation about the history of Detroit's famous sound.


New York City To Require Sodium Warnings On Restaurant Menus

New York City has implemented a new rule requiring chain restaurants to put sodium warnings on their menus. Menu items that contain lots of salt will be marked with an icon of a salt shaker.
WAMU 88.5

Chicago Police Chief Firing And Efforts To Boost Public Trust Of Police Nationwide

Chicago's mayor fires the city's police chief amid protests over the response to the police killing of a black teenager. An update on efforts to boost public trust in police forces across the country.

WAMU 88.5

Computer Guys And Gal

Another year is coming to a close and the Computer Guys And Gal are here to discuss this year's biggest technology news, including the growth of virtual reality and the "Internet of Things."

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.