While you were sleeping: Wall Street hits records

Thu, 18 Sep 2014

By Margreet Dietz Sept. 19 (BusinessDesk) - Wall Street rose, pushing the Dow and S&P 500 to record highs, after a larger-than-expected drop in US jobless claims and the Federal Reserve’s fresh promise to keep interest rates low. A Labor Department report showed US jobless claims fell by 36,000 to 280,000 in the period ended September 13. Meanwhile, a Commerce Department report showed housing starts fell 14.4 percent to a seasonally adjusted 956,000-unit annual pace in August, down from an upwardly revised 1.12-million unit rate in July,...

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