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Dow hits four-year high, lifted by factory data
May 2nd, 2012
NEW YORK (Reuters) - The Dow closed at its highest level in more than four years on Tuesday after U.S. manufacturing expanded at a faster pace than expected in April, easing jitters about a slowdown in the economic recovery. The Dow now sits at levels not seen since December 2007. The gains leave the benchmark S&P 500 within about 16 points of a high reached in May 2008. A convincing break above that level could set the market up for more gains, traders said. ... (Source: Reuters) -
By Ayai Tomisawa TOKYO (Reuters) - The Nikkei share average surged to a fresh 5-1/2 year high on Monday, buoyed by further weakness in the yen and optimism over the growth outlook after the Japanese government raised its assessment of the economy for the first time in two months. Signs of an improving U.S. economy and Wall Street's record clos... [Full Article]
PHNOM PENH, Cambodia (AP) - The ceiling of a Cambodian factory that makes Asics sneakers collapsed on workers early Thursday, killing two people and injuring seven, in the latest accident to spotlight lax safety conditions in the global garment industry. (Source: Associated Press)... [Full Article]
NEW YORK (Reuters) - U.S. stocks hit session highs in morning trading on Friday after a gauge of future U.S. economic activity rose to its highest level in nearly five years. The Dow Jones industrial average rose 64.81 points or 0.43 percent, to 15,298.03, the S&P 500 gained 9.33 points or 0.57 percent, to 1,659.8 and the Nasdaq Composite added... [Full Article]
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