While you were sleeping Wall St highs, China trade

Wed, 08 May 2013

By Margreet Dietz May 9 (BusinessDesk) - Wall Street hit new records amid solid earnings from corporate America including Whole Foods, while China posted better-than-expected trade data and Germany showed an unexpected increase in industrial production. Shares of grocery-store chain Whole Foods jumped, last up 9.9 percent, after the company raised its full-year forecast. Shares of retailer JC Penney also gained, last 6.7 percent higher, as the department-store retailer's preliminary fiscal first-quarter sales were better than expected. “This...

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