Investing.com--US stocks rose Friday, looking to close the first week of the new year on a positive note ahead of data that should provide more insights on the health of the largest economy in the world.
It was the eighth consecutive month that the measure was below the 50-point threshold, although the number remained above a level of 42.5 that the ISM says indicates broader economic expansion.) stock slumped 8% after President Joe Biden said on Friday he would block Japanese company Nippon Steel's $14.9 billion buyout of the US steel company, citing reasons related to national security and keeping the storied American firm domestically owned and run.
Both contracts closed at their highest in more than two months on Thursday, and are on track for their second weekly increase after investors returned from holidays, improving trade liquidity.
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