Wednesdays early afternoon trade: data boosts Wall Street

Posted by 7Star Thursday, April 2, 2009

US stocks rose on Wednesday following factory and home sales data that may point to a healthier economy later in the year, boosting investor optimism. Shares of big manufacturers Caterpillar Inc and US Steel Corp rose sharply after data showed factory activity in March fell at a slower rate than the month before, while pending sales of existing homes rose in February amid further price declines.

0 comments

Post a Comment

Labels

Followers

Archive

BlogCatalog