May 20, 2013
Global shares rise on US data, Spain relief
Wall Street started a new quarter with a modest rally on Monday, lifted by a surprising expansion in US manufacturing in September.
The Dow Jones industrial average rose 77.98 points, or 0.58 percent, to 13,515.11 at the close. The Standard & Poor's 500 Index advanced 3.82 points, or 0.27 percent, at 1,444.49. The Nasdaq Composite Index dipped 2.70 points, or 0.09 percent, to close at 3,113.53.
European shares rose, led by financial stocks after relief that Spanish bank stress tests yielded no surprises and helped by strong US data.
The FTSEurofirst 300 index closed up 1.4 percent at 1,104.71, marking the index's best gain since a 2.4 percent rise on Sept. 6. A bank sector index rose 2.2 percent.
In Asia, The Nikkei share average fell to its lowest close in three weeks, hurt by downbeat economic data from Japan and China as well as a smattering of profit warnings from local companies like shipper Nippon Yusen KK.
The Nikkei shed 0.8 percent to 8,796.51. The broader Topix index dropped 0.7 percent to 732.35.