US STOCKS-Wall Street chalks up strongest day in a month

martes 1 de marzo de 2016 17:31 GYT
 

* U.S. factory, construction data suggest economic pickup

* Automakers gain after February U.S. sales increase

* Tesla tanks after short seller targets stock

* Indexes end higher: Dow 2.11 pct, S&P 2.39 pct, Nasdaq 2.89 pct (Updates to close)

By Noel Randewich

March 1 (Reuters) - Wall Street enjoyed its strongest session in a month on Tuesday, led by financial and technology stocks after encouraging U.S. factory and construction data suggested the world's biggest economy was regaining momentum.

The S&P 500 closed 2.39 percent higher, leaving the index down 3 percent in 2016 after partly recovering in recent weeks from a steep selloff in January. A rally in Apple shares helped give the Nasdaq Composite its strongest day since August.

While manufacturing activity contracted in February, steadying new orders growth and improving inventories offered signs of stability.

Construction spending in January surged to the highest since 2007, while strong auto sales also boosted sentiment.   Continuación...