Wall Street rallied to one of its best days of the year Thursday after data showed the U.S. economy is holding up better than expected, with particular credit going to the country’s shoppers. The Standard & Poor's 500 jumped 1.6% for its fourth-best day of the year and its sixth straight gain as the U.S. stock market rights itself after a scary few weeks. It’s back to within 2.2% of its all-time high set last month after briefly falling close to 10% below it.
3% higher after the seller of backhoes, bulldozers and other equipment reported higher profit and revenue than expected. That was despite what it called challenging conditions across the agricultural and construction sectors globally. Cisco Systems’ profit and revenue for the latest quarter squeaked past analysts’ forecasts, and its stock jumped 6.
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: NBCNewYork - 🏆 270. / 63 Read more »
Source: nbcchicago - 🏆 545. / 51 Read more »
Source: ABC - 🏆 471. / 51 Read more »
Source: Mynorthwest - 🏆 438. / 53 Read more »
Source: ksatnews - 🏆 442. / 53 Read more »