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Wall Street Rallies On Economic Data, Alcoa (NYSE: AA) Soars
By: iStockAnalyst   Monday, August 03, 2009 5:30 PM

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(By Salman - iStockAnalyst Writer)US stocks finished up on Monday on upbeat manufacturing and construction spending data.

The Dow Jones Industrial Average climbed 114.95 points or 1.25% to finish at 9,286.56. The S&P 500 rallied 15.15 points or 1.53% to end at 1,002.63. The Nasdaq Composite advanced 30.11 points or 1.52% to 2,008.61.

The Institute for Supply Management reported that its manufacturing index increased to 48.9% in July from 44.8% in June. Economists expected index to rise to 46.2%.

According to the US Commerce Department, construction spending rose unexpectedly by 0.3% in June. Economists were expecting a 0.5% decline in construction spending.

Shares of Alcoa Inc. (NYSE: ), the largest US aluminum maker jumped 84 cents or 7.14% to close at $12.60.

Caterpillar Inc. (NYSE: ) climbed $1.06 or 2.41% to $45.12.

Shares of Travelers Companies Inc. (NYSE: ) soared $1.95 or 4.53% to $45.02.

Airplane maker Boeing Co. (NYSE: ) gained 88 cents or 2.05% to $43.79.

Shares of Bank of America (NYSE: ) surged 53 cents 3.58% $15.32.JP Morgan Chase & Co. (NYSE: ) advanced 95 cents or 2.46% to $39.60.

General Electric (NYSE: ) rose 32 cents or 2.39% to $13.72.

Shares of chemical maker Du Pont Co. (NYSE: ) rallied 97 cents or 3.14% to $31.90.

Among energy stocks, Chevron Corp.

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The above story is the opinion of the author only and it does not reflect iStockAnalyst opinion. Further, the author is not personally advising you regarding the suitability of the story for your investment needs. In no event iStockAnalyst will be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from or arising out of, or in connection with the use of this information. Please consult your investment advisor before making any investment decision.
  
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