NEW YORK: US stocks turned positive after a weak open and added to gains on Wednesday after Midwest business activity grew more than expected. The Dow Jones industrial average gained 21.17 points, or 0.21 per cent, to 9,891.47.
The Standard & Poor's 500 Index rose 4.60 points, or 0.44 per cent, to 1,045.84. The Nasdaq Composite Index added 16.80 points, or 0.79 per cent, to 2,151.98. The Institute for Supply Management-Chicago business barometer fell to 59.1 in June from 59.7 in May, and economists had forecast a June reading of 59.0.
But the employment component of the index rose to 54.2 from 49.2 in May, slightly offsetting the negative sentiment brought by a much lower than expected number of jobs created in the private sector, as showed in a separate reading.
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