Wall St. mixed as oil jumps

(00:49) Report

Jul. 2 - U.S. stocks posted modest gains after an upbeat factory reading eased economic concerns and banks were lifted by earnings out of Europe.

  • Private sector employment fell sharply in June, according to payroll company ADP.
  • General Motors shares fell after a Merrill Lynch downgrade.
  • Oil prices fluctuated after a mixed inventory data out of the U.S.

    Conway Gittens reports from New York.

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