U.S. manufacturing sector had its best gains since October
U.S. stocks traded higher on Monday as investors digested Chinese economic news and U.S. manufacturing data.
"The news out of China cutting its benchmark interest rate and better-than-expected inflation news out of the euro zone are providing a lift to the U S market," Peter Cardillo, chief market economist at Rockwell Global Capital, said in a note. "However, it's the beginning of a very intense week of domestic economic data which we see steering the indices."
ISM Manufacturing for February and construction spending data are due at 10 a.m. ET.
The U.S. manufacturing sector had its best gains since October, according to Mark's final Manufacturing Purchasing Managers' Index that rose to 55.1 in February from 53.9 in January.
http://www.cnbc.com/id/102468007
