While you were sleeping: Caterpillar upgrades outlook

Tue, 25 Jul 2017

By Margreet Dietz July 26 (BusinessDesk) - Wall Street moved higher, pushing the S&P 500 and the Nasdaq to fresh record highs, amid better-than-expected corporate earnings including from Caterpillar. Also underpinning the mood was a Conference Board report showing US consumer confidence climbed to the highest level since 2000. "This brightens the outlook for the economy as we enter the second half of the year," Chris Rupkey, chief economist at MUFG in New York, told Reuters. "We expect Fed[eral Reserve] officials will continue with t...

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