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IBD'S TOP 10.(A)
Midwest Manufacturing Growing
1And that's a surprise. The Chicago purchasers' index rose 4.6 points to 52.2 in May, above the boom-bust mark after two months below 50. Economists expected a reading of 49. The production index shot up 9.5 points to 60.5. New orders turned positive again. The employment index weakened a little more. Also, prices rose at a slower pace. More on this page, A2
Volume Drives Broad Stock Gains
2The rebound in Midwest manufacturing pushed stocks broadly higher. The small-cap S&P 600 led the major indexes with a 1.9% gain. The benchmark S&P picked up 1.5%. Trading volume came in heavier on the Nasdaq and on the NYSE. Home builders, medical companies and chipmakers delivered solid gains in heavy volume. More on this page, B2
Consumer Sentiment Up In May
3The University of Michigan's final May report was 92.1 vs. April's 86.0. That was below forecasts and the early May reading of 93.2. Consumers tempered optimism about current conditions, but grew more upbeat on the future. The IBD/TIPP Economic Optimism Index largely held steady in May after spiking in April. More on this page
April Incomes Flat, Spending Off
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