Business

Stocks rise as US manufacturing expands

By Steve Rothwell
Published February 20, 2014 9:41pm ET
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Stocks rise as US manufacturing expands
FILE - In this Wednesday, Feb. 19, 2014, file photo, trader Dudley Devine uses his mobile phone as he works on the floor of the New York Stock Exchange. A contraction in Chinese manufacturing and the possibility of higher U.S. interest rates dragged global stock markets lower Thursday Feb. 20, 2014. (AP Photo/Richard Drew) | Richard Drew

NEW YORK (AP) — The pendulum swung again for stocks on Thursday.

After slumping a day earlier as investors digested minutes from the Federal Reserve’s January policy meeting, the stock market got a boost on Thursday from a couple of encouraging surveys that suggested the economy may be poised to pick up after a winter slump.

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China Financial Markets Wall Street