A Wall Street rally extended to a fifth day Friday morning, as U.S. manufacturing rose unexpectedly in June, according to UPI. Economists predicted the Institute of Supply Management's Purchasing Managers Index would drop from 53.5 to 51.5. Instead, it headed higher, coming in at 55.3. In midmorning trading, the Dow Jones industrial average added 109.40 points or 0.88 percent,to 12,523.70. The Standard & Poor's 500 index added 9.59 or 0.73 percent to 1,330.23. The Nasdaq composite index rose 22.23 or 0.8 percent to 2,795.75. The benchmark 10-year treasury note fell 11/32 to yield 3.2 percent. The euro fell to $1.4497 from Thursday's $1.4502. Against the yen, the dollar rose to 80.875 yen from Thursday's 80.57 yen. In Tokyo, the Nikkei 225 index gained 0.53 percent, 51.98, to 9,868.07.
