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Latest Business News: ISM Surges in July, Taking DJIA and S&P 500 to All-time Highs

Wochit 0:49 mins

The Institute for Supply Management has reported that manufacturing is suddenly booming in America. Its July Manufacturing Index rose handily to 55.4 from only 50.9 in June, sending the Dow Jones and Standard and Poor's averages to all-time highs. Ford, Chrysler and Nissan each reported an 11 percent increase in sales for last month, a sign that U.S. auto sales will remain strong into the second half of the year. The Standard & Poor's 500 index broke through the 1,700 mark as data from around the world pointed to improving economic conditions.

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