"The momentum certainly seems to be continue to be on the upside," said Bill Lynch of Hinsdale Associates."There's more positive sentiment with respect to a possible deal between the US and China."
US services sector activity slowed more than expected in March, according to the Institute for Supply Management. Meanwhile, payrolls firm ADP estimated that the United States added just 129,000 jobs in March, much lower than the 178,000 economists had been expecting.Chip companies were an especially strong group, with Advanced Micro Devices winning 8.5 per cent, Lam Research 4.0 per cent and Micron Technology 3.4 per cent.
But Caterpillar fell 0.6 per cent after it was downgraded by Deutsche Bank due to the weakening global growth outlook.
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