While you were sleeping: Wall Street hits fresh records

Tue, 13 May 2014

By Margreet Dietz May 14 (BusinessDesk) - Wall Street rose, even as it gave up some of its earlier gains that saw the Dow Jones Industrial Average and the Standard & Poor’s 500 Index hit fresh intraday record highs, amid optimism about the world’s biggest economy. While US retail sales grew less than expected last month, it did not dampen the outlook. Retail sales rose 0.1 percent in April, following an upwardly revised 1.5 percent increase in March. The gain in March was the largest in four years. "Despite an overall seemingly weak Ap...

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