US stocks chalk up solid gains


04/07/2012 07:06 AST  Business Times

US stocks racked up solid gains in a holiday-shortened trading session Tuesday, boosted by a strong factory orders report for May and robust June sales from the leading US automakers.

Energy shares led the way on higher oil prices as trade closed at mid-session to allow for travel ahead of the July 4th Independence Day holiday.

At the finish the Dow Jones Industrial Average was up 72.43 points (0.56 percent) to 12,943.82.

The S&P 500-stock index added 8.51 (0.62 percent) to 1,374.02, while the tech-rich Nasdaq put on 24.84 points (0.84 percent) to 2,976.08.

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