While you were sleeping: Outlook optimism

Tue, 02 Dec 2014

By Margreet Dietz Dec. 3 (BusinessDesk) - Equities on Wall Street gained, along with the US dollar, amid optimism the American economy remains on firm footing after a report showed spending on construction is outpacing forecasts. In afternoon trading in New York, the Dow Jones Industrial Average rose 0.51 percent, the Standard & Poor’s 500 Index gained 0.54 percent, while the Nasdaq Composite Index added 0.41 percent. Gains in shares of Chevron and those of Exxon Mobil, up 2.4 percent and 2.1 percent respectively, propelled the Dow hig...

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