While you were sleeping: US consumer hits pause button

Mon, 01 Jun 2015

By Margreet Dietz June 2 (BusinessDesk) - Stocks on both sides of the Atlantic moved higher amid fresh reports suggesting the US Federal Reserve won’t be in a rush to raise interest rates soon. In late trading in New York, the Dow Jones Industrial Average advanced 0.38 percent, the Standard & Poor’s 500 Index rose 0.41 percent, while the Nasdaq Composite Index added 0.45 percent. The recent trend of data offering a mixed picture of the US economic recovery continued. Separate reports showed manufacturing grew more than expected in May...

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