While you were sleeping: Wall Street touches record

Thu, 21 Aug 2014

By Margreet Dietz Aug. 22 (BusinessDesk) - Wall Street rose, lifting the Standard & Poor’s 500 Index to a record, as a flurry of economic data underpinned the view that growth in the world’s largest economy is accelerating at a pace that allows the US Federal Reserve to remain accommodative. In late afternoon trading in New York, the Dow Jones Industrial Average climbed 0.47 percent, the Standard & Poor’s 500 Index advanced 0.35 percent, while the Nasdaq Composite Index gained 0.10 percent. The S&P 500 last traded at a record high 1,993.4...

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