US stocks surge broadly with Dow and Nasdaq up 121 pts and 0.46%
US stocks soared broadly. The economic figures released on Tuesday were mixed. Among them, the July consumer confidence index and July Chicago Purchasing Management Index both slid while the June individual consumption and income rose. The growth of individual consumption exceeded that of income, indicating that the national consumption was not hampered amid the slowing economy. Dow Jones Industrial Average once surged 194 pts and ended up 121.09 pts, or 1.16% to 10522.81. Tech-laden Nasdaq Composite Index gained 9.29 pts, or 0.46% to close at 2027.13 pts.
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