A sign for Wall Street is seen just outside the New York Stock Exchange.(Photo: Timothy A. Clary, AFP/Getty Images)
NEW YORK (AP) - The stock market is starting the month on a strong note.
News that U.S. manufacturing expanded in October triggered a market upswing on Friday. But some investors are expressing skepticism that stocks can keep up this rapid pace heading into the last two months of the year.
The positive start to this month's trading comes after a strong October for the stock market. The S&P 500 closed at a record high seven times during the month, most recently on Tuesday. It ended October with a gain of 4.5 percent.
On Friday. the Dow Jones industrial average rose 70 points, or 0.5 percent, to 15,615. The Standard & Poor's 500 index rose five points, or 0.3 percent, to 1,761. The Nasdaq composite rose two points, or 0.1 percent, to 3,922.