US stocks rise after initial drop, Dow and Nasdaq up 49 pts and 1.95%

US stocks climbed up after initial decline. Before the opening, the Government released three mixed figures, which dampened market confidence in an economic recovery in the near future. June durable goods order dropped again following the rise in May, while the Q2 labor cost recorded the smallest up-range since the Q4 of last year. Besides, Blue-chip HP released earnings warnings and announced to reduce headcount, which also affected the performance of computer-related sectors. Fortunately, the buying in later session pushed the broad market up, with Dow Jones Industrial Average eking out 49.96 pts, or 0.48% to close at 10455.63 pts while Nasdaq adding 38.64 pts, or 1.95% to 2022.96 pts.

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