Relive the excitement of the Patriots’ path to their fourth Super Bowl Championship with “Pumped”, a special commemorative book from The Boston Globe. Order now.

Snapshot: Concerns ease over cuts to stimulus

Continue reading below

Investors have stopped worrying about the Fed — at least for now. Stocks rose as buyers figured the economy still isn’t growing fast enough for the central bank to cut its stimulus program. US manufacturing grew in June after a pickup in new orders and stronger production, according to the Institute for Supply Management. If the manufacturing report had been stronger, one investment executive said, stocks might have fallen as investors speculated the Fed would be inclined to cut its bond buying. Also lifting markets was
a report that showed a rise in construction spending, which added to the picture of an improving economy.

Loading comments...

Wake up with today's top stories.

Want each day's news headlines delivered fresh to your
inbox every morning? Just connect with us
in one of the following ways:
or
Please enter a valid email
BostonGlobe.com will never post anything without asking. Privacy Policy
Subscriber Log In

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com