While you were sleeping: Nasdaq inches to record

Tue, 23 Aug 2016

By Margreet Dietz Aug. 24 (BusinessDesk) - Wall Street gained, pushing the Nasdaq to a record high, amid better-expected earnings such as for Best Buy and stronger-than-expected new home sales, while an easing in manufacturing bolstered hope the Federal Reserve might not raise interest rates. Fed Chair Janet Yellen is scheduled to speak on Friday, comments that are eagerly awaited in terms of fresh clues on the timing of a US rate hike. “The earnings season is largely over and the only thing we can look at is Fed-speak which is antago...

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