While you were sleeping Labour lifts

Thu, 07 Mar 2013

By Margreet Dietz March 8 (BusinessDesk) - Better-than-expected American labour data propelled the Dow Jones Industrial Average to another intraday record high. Jobless claims posted a surprise drop to 340,000 last week, Labor Department data showed, while the four-week average fell to the lowest level in five years. “There’s an underlying element of support for the labour market and it’s really driven by housing and potentially construction finally coming back,” Robert Lutts, chief investment officer of Cabot Money Management in Boston, tol...

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