While you were sleeping Wall Street extends rise

Wed, 27 Feb 2013

By Margreet Dietz Feb 28 (BusinessDesk) - Wall Street rallied for a second day as stronger-than-expected reports on US business spending and the housing market bolstered optimism about the sustainability of the economic recovery. In afternoon trading in New York, the Dow Jones Industrial Average advanced 0.94 percent, the Standard & Poor's 500 Index added 1.09 percent, while the Nasdaq Composite Index climbed 1.14 percent. Orders for durable goods excluding transportation equipment posted their biggest gain in a year, suggesting further stre...

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