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NEW YORK (CNNMoney)
The Dow Jones industrial average rose more than 60 points, or 0.4%, moving back above the psychologically important level of 15,000 for the fourth day in a row. The S&P 500 and the Nasdaq also edged up 0.4%.
Financial stocks were the biggest gainers, with JPMorgan Chase (JPM, Fortune 500) leading the Dow's gains. (check the Dow 30)
Investors were encouraged by a government report that showed factory orders rose 2.1% in May. That was slightly better than forecasts and signaled ongoing improvement in the manufacturing sector.
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Still, investors are expected to remain cautious until Friday, when the Labor Department releases its June jobs report. Economists surveyed by CNNMoney predict the U.S. economy added 155,000 jobs and the unemployment rate fell to 7.5% last month.
Economic data has been in sharper focus recently as investors consider when the Federal Reserve may start pulling back on its bond purchases.
Related: #YourEconomy: Share your story
Last month, Fed chairman Ben Bernanke announced that as long as the economic recovery continues in line with the central bank's outlook, the Fed could begin pulling back later this year.
That sparked widespread volatility, sending bond yields higher and stocks on a wild ride. Stocks have been clawing back this week, after falling 1% in June -- the first down month of the year. All three indexes are only marginally lower since Bernanke's June 19 speech.
The holiday-shortened week could lead to some choppy trading this week.
U.S. markets close at 1 p.m. ET Wednesday and are closed Thursday for Independence Day.
Related: Fear & Greed Index driven by fear
What's moving: Zynga (ZNGA) shares rose 10% after the online gaming company announced that CEO Mark Pincus is stepping down. Don Mattrick, the former head of Microsoft's (MSFT, Fortune 500) Xbox and gaming division, was named as Zynga's new chief.
Nielsen Holdings (NLSN) shares edged higher following news that the company will join the S&P 500 next week, replacing Sprint Nextel (S, Fortune 500).
Disney (DIS, Fortune 500) extended chairman and CEO Bob Iger's tenure through June 2016. Iger had previously been scheduled to leave his post in April 2015.
Apple (AAPL, Fortune 500) shares were also on the rise, up more than 2%.
World markets: European stocks were lower in afternoon trading, pulling back from broad-based gains Monday.
Asian markets ended mixed. In China, the Shanghai Composite added 0.6%. But traders in Hong Kong came back from a Monday holiday in a bearish mood, pushing the benchmark Hang Seng down by 0.7%.
Tokyo's Nikkei gained 1.8%. The index has surged by more than 9% since Thursday morning, bouncing back from bear market territory. It's been helped over the past few days as the yen weakened against the dollar. 
First Published: July 2, 2013: 9:49 AM ET
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