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NEW YORK, March 1 (Xinhua) -- U.S. stocks posted solid gains Tuesday puma basket heart patent blancas , the first trading day of March, as Wall Street cheered over a batch of upbeat economic reports.
The Dow Jones Industrial Average jumped 348.58 points, or 2.11 percent, to 16,865.08. The S&P 500 leapt 46.12 points, or 2.39 percent, to 1 puma basket heart patent españa ,978.35. The Nasdaq Composite Index soared 131.65 points, or 2.89 percent, to 4,689.60.
The U.S. manufacturing index registered 49.5 percent in February, an increase of 1.3 percentage points from the January reading of 48.2 percent and topping market expectations, the Institute Supply Management (ISM) said Tuesday.
"Even as the slowdown in global manufacturing deepened in the first two months of Q1-16, U.S. manufacturing edged back toward growth in January and February. Recent stability in the dollar is likely helping U.S. companies compete in the U.S. even as demand for manufactured products diminishes overseas puma basket heart patent comprar ," said Chris Low, chief economist at FTN Financial.
The Department of Commerce announced Tuesday that U.S. construction spending during January 2016 was estimated at a seasonally adjusted annual rate of 1,140.8 billion U.S. dollars, 1.5 percent above the revised December estimate, beating market consensus of 0.5 percent.
Meanwhile, investors expected a further easing of monetary policies due to downbeat manufacturing data out of the eurozone and China.
The data will likely give the U.S. Federal Reserve a pause as it deliberates on if and when it will further increase interest rates, according to Reuters.
"At this moment chanclas puma rihanna comprar , I judge that the balance of risks to my growth and inflation outlooks may be starting to tilt slightly to the downside," said William Dudley, the New York Fed president, at a conference in Hangzhou, China.
Overseas, Chinese stocks rose and regained the 2,700-point mark Tuesday after its central bank announced a cut in its reserve requirement ration (RRR).
European equities also increased broadly Tuesday. German benchmark DAX index at Frankfurt Stock Exchange jumped 2.34 percent zapatillas puma basket heart , while British benchmark FTSE 100 Index added 0.92 percent.
The CBOE Volatility Index, often referred to as Wall Street's fear gauge, decreased 13.87 percent to end at 17.70 Tuesday.
In other markets, oil prices extended gains as global stock markets went up.
The West Texas Intermediate for April delivery moved up 65 cents to settle at 34.4 dollars a barrel on the New York Mercantile Exchange, while Brent crude for May delivery increased 24 cents to close at 36.81 dollars a barrel on the London ICE Futures Exchange.
The U.S. dollar decreased against most major peers despite positive economic data from the country.
In late New York trading, the euro dropped to 1.0865 dollars from 1.0883 dollars in the previous session, while the greenback bought 114.06 Japanese yen puma basket heart españa , higher than 112.83 yen of the previous session.
Gold futures on the COMEX division of the New York Mercantile Exchange fell as U.S. equities rebounded sharply.
The most active gold contract for April delivery fell 3.6 dollars, or 0.29 percent, to settle at 1,230.80 dollars per ounce.
Party must reconcile internal divisions before 2016 election: expert
Taiwan's ruling Kuomintang (KMT) party has named Vice Chairman Wu Den-yih as acting chairman on Wednesday after Ma Ying-jeou officially resigned, following the party's crushing defeat in local elections over the weekend.
The KMT Central Standing Committee also appointed Vice Chairwoman Hung Hsiu-chu to be acting secretary general.
Wu will serve as acting chairman until the end of January 2015, when the KMT plans to elect a new party leader, reported the Taiwan Central News Agency Tuesday.
KMT Chairman Ma Ying-jeou officially submitted his resignation at a meeting of the KMT Central Standing Committee Wednesday puma basket heart comprar , to show he took responsibility for the KMT's landslide defeat on Saturday.
The KMT only won six of the 22 available seats for city and county heads while the main opposition Democratic Progressive Party (DPP) took 13 seats during Taiwan's "nine-in-one elections" on Saturday.
The KMT won 15 seats in the last round of local elections, four years ago.
Ma said at the meeting that the KMT should not lose its determination and fall into disarray at this time, and that he hoped the acting chairman will hold a leadership election as soon as possible.
Ma spoke of his hope that the new acting chairman would be able to unite party members to bounce back after their defeat, in order to regain the public's trust in the KMT.
The island's chief administrator Jiang Yi-huah resigned on Saturday night. Two KMT vice chairmen, Hau Lung-pin and Wu Den-yih, also announced that they would quit.
Taiwan deputy chief administrator Mao Chi-kuo was appointed as chief of the executive body on Wednesday, replacing Jiang.
After Ma expressed his desire for Wu to stay puma fierce core hombre , Wu said he would take up the acting chairman post until the new chairman is elected, China News Service reported Tuesday.
"His resignation shows that Wu was reluctant to take up the post and became involved in the crisis. It seemed that it was hard for Wu to say no though since Ma has assumed most of the responsibility for the defeat," Li He, deputy director of the Beijing-based National Society of Taiwan Studies at the Chinese Academy of Social Sciences, told the Global Times.
"It is hard to predict who will be the new chairman, it all depends on who is willing to step forward," said Li.
Chu Li-luan puma creepers azul marino , the new mayor of New Taipei City, has been widely seen as a potential successor to Ma.
Ma is expected to complete his full term as Taiwan leader until the 2016 regional leadership election.