While you were sleeping Wall Street ambles to record

Mon, 22 Jul 2013

By Margreet Dietz July 23 (BusinessDesk) - The Standard & Poor's 500 Index climbed to a record, bolstered by gains in banks after better-than-expected UBS earnings, while disappointing earnings for McDonald's and an unexpected drop in US home sales underpinned expectations the Federal Reserve won't be in a rush to taper its bond-buying program. In late afternoon trading in New York, the Standard & Poor's 500 Index rose 0.11 percent, while the Nasdaq Composite Index gained 0.15 percent. Earlier in the session, the S&P 500 touched a record 1,69...

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