DJI-NEW YORK, Oct 1 (Reuters) - Wall Street extended the rally on Friday, led by gains in resource stocks after data in China showed a pick-up in manufacturing activity.
Gains were tempered by U.S. data suggesting the rate of growth in U.S. factory activity slowed, but the upbeat trend in the market prevailed.
Friday's gains occurred on less-than-stellar volume, but two shares rose for every one that fell on the New York Stock Exchange. Energy and resource shares were helped by data out of China showing a pick-up in its manufacturing sector.
The Dow Jones industrial average <.DJI> rose 41.63 points, or 0.39 percent, to end at 10,829.68. The Standard & Poor's 500 Index <.SPX> advanced 5.04 points, or 0.44 percent, to 1,146.24. The Nasdaq Composite Index <.IXIC> edged up 2.13 points, or 0.09 percent, to close at 2,370.75.
NYMEX-NEW YORK, Oct 1 (Reuters) - U.S. crude oil futures ended higher for the third straight day on Friday, winding up the week with the best performance in nearly 7-1/2months as the dollar slumped and strong manufacturing data from China fueled hopes for greater oil demand.
A mixed set of U.S. data showed economic activity rose modestly in the third quarter, leaving the door open for the Federal Reserve to launch a fresh round of monetary policy easing, analysts said.
On the New York Mercantile Exchange, crude for November delivery
CBOT-CHICAGO, Oct 1 (Reuters) - Chicago Board of Trade grain and soy complex close on Friday.
CBOT-SOYBEANS - November
CBOT-SOYOIL - October
FCPO-JAKARTA, Oct 1 (Reuters) - Malaysian palm oil ended up marginally on Friday on gains in crude oil, but the lack of fresh supply-demand data and a holiday in China meant gains were limited.
Benchmark December palm oil <0#KPO:> on the Bursa Malaysia Derivatives Exchange closed up 0.11 percent at 2,733 ringgit ($886) per tonne. Trading volume was 12,137 lots of 25 tonnes each, above the usual 10,000 lots.
Palm oil booked its first quarterly gain this year on Thursday as traders bet on strong demand despite news of China getting ready to sell state reserves and higher yields from the incoming U.S. soy crop.
China markets were closed for a national holiday starting on Friday and lasting until Oct 8. As a result, palm oil is likely to trade in a narrow range of 2,700-2,750 ringgit in the next few days, especially without any fresh supply-demand data to spur trading, one trader said.
REGIONAL EQUITIES-COLOMBO, Oct 1 (Reuters) - Most Southeast Asian stock markets rose on Friday, with Indonesia hitting a new peak, following positive economic data from the U.S. and China.
A drop in U.S. jobless claims and stronger U.S. third-quarter economic activity and positive Chinese manufacturing data boosted investor confidence in the region.
Singapore <.FTSTI> rose 1.1 percent to a near 28-month high. Malaysia <.KLSE> gained for the third straight session with 0.2 percent rise, below a 32-month high. Bucking the trend, Vietnam <.VNI>, the region's worst performer, lost 0.6 percent.
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