And although economic reports included that construction spending fell again in May, that Consumer Confidence fell again in June (to a 7-month low), that weekly unemployment claims remained high at 428, 000 last week, there was also the report that manufacturing activity, which has been declining for several months, unexpectedly picked up some in June, with the ISM Mfg Index rising to 55.3 from 53.5 in May.
FORBES: Summer Rally Arrives On Schedule With A Big But