In an abbreviated holiday trading session energy stocks rose due to increased tension over Iran. The major stock indexes moved higher after the government reported that factory orders rose in May. The Dow Jones rose 72 points to close at 12,943.
Optimistic traders turned their focus back to corporate news from the US as banks and materials stocks led the market higher.The Dow Jones industrial average soared 95 points to 12,837, its highest close in a month.
John Bryson, US Secretary of Commerce, was involved in two auto accidents Saturday in Southern California, according to authorities. Bryson was taken to a local hospital for treatment and later released.