(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.