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.
Emerging Market ADRs: Winners and Losers
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.