While you were sleeping: Creeping to record high

Wed, 28 May 2014

By Margreet Dietz May 29 (BusinessDesk) - The Standard & Poor’s 500 Index crept to a fresh intraday record high as investors await the second estimate of US economic performance in the first quarter, scheduled to be released on Thursday. A preliminary estimate showed the US economy had expanded at a 0.1 percent annualised rate in the first three months of 2014, but economists predict the second estimate might show it shrank. Recent economic data have indicated the world’s largest economy is performing better than anticipated, while the...

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