While you were sleeping Merck, Intel lift Dow

Mon, 03 Jun 2013

By Margreet Dietz June 4 (BusinessDesk) - The Dow Jones Industrial Average advanced, boosted by shares of Merck and Intel, though disappointing manufacturing data kept a lid on gains. Shares of Merck, last up 4.1 percent, bolstered the Dow as one of the company's new cancer drugs showed promising results in an early study. Shares of Intel also advanced, last up 3.1 percent, after a FBR Capital Markets upgrade. However, the latest US manufacturing data showed a surprise contraction. The Institute for Supply Management’s factory index dropped...

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