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During the regular session, official and private sector factory surveys in China that showed the world's second-biggest economy regaining some traction added to support for stocks.
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He told lenders to China's private sector factories they should expect debt defaults.
Premier Li Keqiang told lenders to China's private sector factories they should expect debt defaults as the world's second largest economy encounters "serious challenges" in the year ahead.
In the manufacturing sector factories that continue to operate in the U.S. are able to survive only by automating the production process as much as possible.
To respond to global demand, looms have been set up to produce yarn that can be processed further in formal sector factories.
Now, 10percentt of the union members in government-owned factories may come from outside the factory, although private-sector factories are carved out of this stipulation.
Investors also will be looking next week to readings on the service sector, construction, factory orders and employment.
Stocks moved higher in early trading after reports on the U.S. labor market, productivity, the services sector and factory orders all pointed to continued economic improvement.
Stocks opened higher after reports on the U.S. labor market, productivity, the services sector and factory orders all pointed to continued economic improvement.
"This is purely the industrial sector, the factory automation component," says John Coons, a principal analyst with the San Jose, Calif.-based firm.
The Commerce Department reported signals of a continuing recovery in the industrial sector, with factory orders up 1.7% last month, following a 1% rise in January, just slightly behind the 1.8% expected.
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