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Markets & Stocks
NAPM wakes up Wall St.
September 4, 2001: 10:15 a.m. ET

U.S. stocks recover from early slide on strong manufacturing data
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NEW YORK (CNNfn) - A much stronger-than-expected report on August manufacturing activity sparked a U.S. stock turnaround Tuesday morning, boosting the major stock indexes.

The National Association of Purchasing Management's index of manufacturing activity rose to 47.9 percent from 43.6 percent in July. Economists surveyed by Briefing.com were expecting a slight decline.

At 10:09 a.m. ET, the Dow Jones industrial average was above the 10,000 mark, at 10,064.88, on a 115.14 gain. The indicator was down as much as 54 points in the first half-hour of trading.

The Nasdaq composite index gained 14.70 to 1,820.13, while the Standard & Poor's 500 added 11.42 to 1,145. graphic

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