While you were sleeping: Global outlook brightens

Thu, 22 May 2014

By Margreet Dietz May 23 (BusinessDesk) - Wall Street rose amid signs of better-than-expected manufacturing in the US and China, while there was also a sign of life in the US housing industry bolstering shares including Home Depot. With about an hour of trading left in the day in New York, the Dow Jones Industrial Average added 0.17 percent, the Standard & Poor’s 500 Index rose 0.39 percent, while the Nasdaq Composite Index climbed 0.72 percent. Gains in shares of Home Depot and United Health, up 1.2 percent and 1 percent respectively,...

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