While you were sleeping Bulls keep upper hand

Mon, 06 May 2013

By Margreet Dietz May 7 (BusinessDesk) - Wall Street climbed to fresh records, carrying the momentum from Friday's jobs data into renewed optimism about the US economy and corporate profits. In afternoon trading in New York, the Dow Jones Industrial Average rose 0.05 percent, the Standard & Poor's 500 Index gained 0.32 percent, while the Nasdaq Composite Index added 0.47 percent. The S&P 500 touched a record 1,619.77 earlier in the session. "Until we see a clear change in momentum, pullbacks should still be viewed as long-term buying opportu...

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