While you were sleeping: Stocks, greenback climb

Tue, 03 Jan 2017

By Margreet Dietz Jan. 4 (BusinessDesk) - Wall Street and the US dollar advanced as better-than-expected manufacturing data underpinned optimism about the outlook. An Institute for Supply Management report showed its index of national factory activity climbed to 54.7 last month, a two-year high. "The economy is ending the year on a high note with even the manufacturing sector showing signs of faster growth," Joel Naroff, chief economist at Naroff Economic Advisors in Holland, Pennsylvania, told Reuters. "It appears that President [Bar...

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