NEW YORK ( TheStreet) -- Global indices, with the exception of Brazil, closed last week on a more positive note. Brazil's Bovespa ended 0.3% lower on concerns regarding the country's central bank lowering interest rates. China's benchmark Shanghai Composite Index gained 2.4% -- the highest among all the emerging market indices -- as the preliminary reading for China's manufacturing PMI increased to 49.8 for August from 49.3 in July. India's Nifty shed 0.3%.The S&P 500 and the Dow Jones accumulated 1.6% and 1.4%, respectively. During the past week, the U.S. Commerce Department reported 4% increase in durable-goods orders, surpassing market estimates. Also, U.S. home prices for July were up 0.9% on a seasonally adjusted basis. Meanwhile, investors eagerly await Fed Chairman Ben Bernanke's keynote speech, anticipating further stimulus to boost the sluggish economy.
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