While you were sleeping: US economic data underpin stock rally

Thu, 05 Oct 2017

By Margreet Dietz Oct. 6 (BusinessDesk) - Wall Street gained, sending the three benchmark indices to record highs, as better-than-expected US data on trade and factory orders bolstered sentiment. A Commerce Department report showed factory goods orders rose a better-than-expected 1.2 percent in August, while a separate Commerce Department report showed the US trade deficit shrank to the lowest level in nearly a year. Meanwhile, a Labour Department report showed initial claims for unemployment benefits fell 12,000 to a seasonally adjus...

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