While you were sleeping: Jobless claims lift mood

Thu, 14 May 2015

By Margreet Dietz May 15 (BusinessDesk) - Wall Street rose after better-than-expected jobless claims data and an unexpected decline in producer prices suggested the US economy is growing at a pace that is unlikely to warrant an interest rate increase soon. In late trading in New York, the Dow Jones Industrial Average added 0.98 percent, the Standard & Poor’s 500 Index climbed 1.01 percent, while the Nasdaq Composite Index advanced 1.29 percent. Also helping stocks was a gain in US Treasuries, stemming a recent run-up in bond yields globa...

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