While you were sleeping US, EU data disappoint

Wed, 15 May 2013

By Margreet Dietz May 16 (BusinessDesk) - Momentum helped lift Wall Street to records earlier in the day, even as US and European economic data disappointed some investors about the pace of the recovery. The Dow Jones Industrial Average climbed to a record high of 15,301.34, while the Standard & Poor's 500 Index hit a record 1,661.49 in morning trading before giving up some of those gains as the day progressed. In afternoon trading in New York, the Dow edged 0.03 percent higher, while the S&P 500 was last up 0.20 percent. The Nasdaq Composit...

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