The U.S. manufacturing expansion revved up in August, according to a survey released Tuesday by the Institute for Supply Management.
WASHINGTON -- Construction spending rebounded strongly in July and manufacturing activity in the U.S. increased to its highest level in nearly 3� years in August, in further signs of vigor in the economy.
U.S. stocks fell on Tuesday, with the S&P 500 retreating after hitting another intraday record, as energy companies dropped along with the price of oil.
In a compelling 27-page report released on Tuesday, the investment bank said the S&P 500 could surge to 3,000 by 2020. That's a pretty big leap considering the index only topped 2,000 last week.
Smoke billows from controlled oil burns near the site of the BP Plc Deepwater Horizon oil spill in the Gulf of Mexico off the coast of Louisiana, on June 19, 2010.