Business

Snapshot: Concerns ease over cuts to stimulus

Advertisement

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...
Real journalists. Real journalism. Subscribe to The Boston Globe today.
We hope you've enjoyed your free articles.
Continue reading by subscribing to Globe.com for just 99¢.
 Already a member? Log in Home
Subscriber Log In

We hope you've enjoyed your 5 free articles'

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