While you were sleeping Wall Street climbs to record

Thu, 18 Jul 2013

By Margreet Dietz July 19 (BusinessDesk) - Wall Street rose to a record after better-than-expected economic data and corporate earnings fuelled investors' optimism the US economy is gathering steam as Federal Reserve Chairman Ben Bernanke reiterated the central bank's ongoing support for growth. Bernanke testified before Congress for a second day, now to the Senate Banking Committee. He has finally managed to reassure investors that the Fed's stimulus will not vanish, saying there is no "preset course" for its US$85 billion a month bond-buyin...

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