While you were sleeping: Wall Street edges to record

Thu, 24 Jul 2014

By Margreet Dietz July 25 (BusinessDesk) - Wall Street continued its ascent, pushing the Standard & Poor’s 500 Index to another intraday record high, amid solid US jobs data and corporate earnings such as from Facebook. Initial claims for state unemployment benefits unexpectedly fell, dropping 19,000 to a seasonally adjusted 284,000 for the week ended July 19, according to the Labor Department. It was the lowest level in more than eight years. Separately, a gauge of US manufacturing held near a four-year high this month. Markit’s seaso...

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