Dow Jones Industrial Average Extends Rally on Strong Economic Data ISM PMI

Date: 7/1/2011

Dow Jones Industrial Average Extends Rally on Strong Economic Data ISM PMI. A report that manufacturing rebounded in June prolonged a weeklong rally in the stock market Friday.

The Dow Jones industrial average is on track to have its best week in a year. The Institute for Supply Management's manufacturing index rose to 55.3 from 53.5 in May.

The index had its sharpest one-month drop since 1984 in May as a shortage of auto parts from Japan and high gasoline prices cut into spending. The stock market reaction was very positive extending the current summer rally.

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