While you were sleeping: US economy gathers pace

Mon, 05 May 2014

By Margreet Dietz May 6 (BusinessDesk) - Wall Street advanced in late afternoon trading as better-than-expected services sector data outweighed concern about the escalating crisis in Ukraine. With about an hour of trading left in the day in New York, the Dow Jones Industrial Average rose 0.16 percent, while the Standard & Poor’s 500 Index gained 0.09 percent, and the Nasdaq Composite Index added 0.15 percent. Gains in shares of Boeing and Visa, up 1.7 percent and 1.3 percent respectively, led the Dow higher. JPMorgan slumped 2.7 percen...

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