The S&P 500 and Nasdaq Composite rose to fresh highs Tuesday after manufacturing data showed the economy continues to bounce back from the coronavirus shutdown. U.S. manufacturing activity accelerated in August, growing for the third straight month and topping the expectations of economists, according to data from the Institute for Supply Management. The growth was driven by new demand and faster export orders, though the picture for hiring was mixed, a pair of surveys released Tuesday showed.

Source: Wall Street Journal September 01, 2020 09:32 UTC