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Chemical Shares Rally After Positive Economic News

Stock quotes in this article: ASH , EMN , HUN , POL , PPG , PX  

ERNEST SCHEYDER

NEW YORK (AP) — Shares of major chemical makers jumped Monday, as the broader markets rallied on positive reports about the state of American manufacturing, and consumer and construction spending.

The jump comes despite General Motors' bankruptcy filing. The automotive sector is a large customer for the chemical industry, buying paints, coatings and other products.

But investors seemed to discount that grim move, sending the Dow Jones industrial average, Nasdaq and Standard & Poor's 500 indices up more than 2 percent in midday trading. ...

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