While you were sleeping S and P 500 at new record on stimulus bets

Tue, 29 Oct 2013

Oct. 30 (BusinessDesk) – The Standard & Poor’s 500 Index rose to a new record on expectations the Federal Reserve will maintain its massive stimulus programme amid signs the world’s biggest economy is stumbling. The S&P 500 gained 0.4 percent to 1769.21 and the Dow Jones Industrial Average rose 0.6 percent to 15668.05. In Europe, the FTSEurofirst 300 index was up 0.4 percent. As the Federal Open Market Committee began its two-day meeting, more economic data showed the US economy’s pace is far from robust. Retail sales fell 0.1 percent in Se...

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