NEW YORK (TheStreet) — The major U.S. equity indices finished Tuesday’s holiday-shortened session with solid gains after data on factory orders in May came in slightly better than expected and June vehicle sales were strong.
Wall Street was also lifted by positive trading action in Europe, where stocks rose ahead of the European Central Bank’s latest policy meeting on Thursday. The ECB is widely expected to announce an interest rate cut of 25 basis points.
The Dow Jones Industrial Average rose more than 72 points, or 0.56%, to close at 12,944. Breadth was positive with 23 of the blue-chip index’s 30 components on the rise, led by Alcoa, Caterpillar, and Wal-Mart Stores. …
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