While you were sleeping: Stocks climb on optimism

Mon, 12 May 2014

By Margreet Dietz May 13 (BusinessDesk) - Equities climbed on both sides of the Atlantic, pushing the Dow Jones Industrial Average to an intraday record, amid optimism that central banks in the world’s largest economies will help accelerate the pace of growth. With about an hour of trading left in the day in New York, the Dow added 0.62 percent, the Standard & Poor’s 500 Index climbed 0.85 percent, while the Nasdaq Composite Index rose 1.53 percent. Gains in shares of Goldman Sachs and United Technologies, up 1.7 percent and 1.4 percen...

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