Business in brief
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.Dow soars despite jump in US output
The Dow Jones Industrial Average surged 92.71 to 6,679.87 in New York last night despite earlier figures showing that industrial output in the US jumped 0.9 per cent last month, taking its annual growth to an impressive 5.6 per cent. Capacity usage in industry rose to 84.1 per cent from 83.6 per cent. The surprise surge was due to a broad-based expansion in manufacturing production, led by computers (output up 2.7 per cent in March), electrical machinery (up 2.0 per cent) and cars (up 1.5 per cent). Manufacturing output as a whole was a whopping 6.7 per cent higher than a year earlier. Analysts said the figures were a clear sign of the economy's strength.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments