Surging mining stocks end a slump on Wall Street

NEW YORK (AP) — Miners and other companies that deal in commodities helped pull the stock market out of a three-day slump.

News that China’s trade rebounded last month signaled the end of a six-month slowdown for the world’s second-largest economy. China is the world’s biggest buyer of raw materials.

The report drove the price of copper to the highest in two months.

The Standard & Poor’s 500 rose six points, or 0.4 percent, to close at 1,697 Thursday.

The Dow Jones industrial average rose 27 points, or 0.2 percent, to 15,498. The Nasdaq composite gained 15 points, or 0.4 percent, to 3,669.

It was the stock market’s first gain this week.

Two stocks rose for every one that fell on the New York Stock Exchange. Volume was below average at 3.2 billion shares.

WKBN 27 First News provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Commenters who violate these terms, including use of vulgar language or racial slurs, will be banned. No links will be permitted. Please be respectful of the opinions of others. If you see an inappropriate comment, please flag it for our moderators to review.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s