While you were sleeping: Optimism on US economy firms

Wed, 30 Aug 2017

By Margreet Dietz Aug. 31 (BusinessDesk) - Wall Street gained as the latest data on US gross domestic product and the labour market bolstered optimism about the outlook for the economy. In 3.22pm trading in New York, the Dow Jones Industrial Average rose 0.1 percent, while the Nasdaq Composite Index climbed 1.1 percent. In 3.07pm trading, the Standard & Poor’s 500 Index gained 0.5 percent. Wall Street's fear gauge—the CBOE Volatility Index or the VIX—dropped 5.4 percent to 11.07. US Treasuries eased, sending yields on the 10-year...

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