Wednesday, 29 March 2017

Wall Street Posts Sharp Gains, Fuelled By Strong Consumer Data

US stocks ended sharply higher on Tuesday, with financial and energy shares surging as data showed US consumer confidence soaring to a more than 16-year high.
The S&P 500's best day in nearly two weeks came after a record-setting rally for stocks in the wake of President Donald Trump's election in November had stalled this month. 

The Dow Jones Industrial Average snapped an eight-day losing streak, which had been its longest run of losses since 2011.

US consumer confidence surged to a more than 16-year high in March amid growing labour market optimism, while the trade deficit in goods narrowed sharply in February.

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