INQUIRER.net: US stocks rally on economic data, Fed comments

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INQUIRER.net Philippine News for Filipinos

US stocks rally on economic data, Fed comments Jun 28th 2013, 00:52 NEW YORK—US stocks Thursday closed solidly higher for a third straight day following positive economic data and comments from a top Federal Reserve official that the Fed would not hastily end its stimulus program.   The Dow Jones Industrial Average rose 114.35 (0.77 percent) to 15,024.49, closing above 15,000 for the first time since June 19.   The broad-based S&P 500 added 9.94 points (0.62 percent) to 1,613.20, while the tech-rich Nasdaq Composite Index increased 25.64 (0.76 percent) to 3,401.86.   The gains followed a drop in jobless claims and a big increase in pending home sales, fresh evidence that economic growth remains steady.  ... Keep on reading: US stocks rally on economic data, Fed comments Media files: Wall-Street7.jpg (image/jpeg)

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