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Tech stocks power S&P to yet another record high

NEW YORK: The S&P 500 hit a record intraday high on Monday, led by tech stocks such as Apple and Google-parent Alphabet, but a drop in oil prices weighed on energy stocks.

Strong US retail sales consumer sentiment data buoy US economic outlook

WASHINGTON: U.S. retail sales in April recorded their biggest increase in a year as Americans stepped up purchases of automobiles and a range of other goods, suggesting the economy was regaining momentum after growth almost stalled in the first quarter.

US manufacturing shows signs of stability as export orders rise

Washington: US factory activity expanded at a more moderate pace in April due in part to a slowdown in new orders, but a rise in export orders to a near 1-1/2-year high and signs an inventory overhang drag was fading offered hope for the manufacturing sector.

Wall St rebounds; Nasdaq breaks seven-day losing run

New York: US stocks rose on Monday, rebounding from losses last week, as financials gained with Berkshire Hathaway and weakness in the dollar eased worries about earnings for multinationals.

Wall Street little changed on weak manufacturing data

NEW YORK: Wall Street was little changed on Monday (at the opening) after data showed that US manufacturing sector’s PMI for April was at its lowest since 2009.

Shares hit two month high as oil edges up

NEW YORK: A late bounce on Wall Street, backed by a rise in oil prices, helped propel a measure of global equity markets to its highest in nearly two months on Wednesday.

Wall St rises late, led by energy and bank shares

NEW YORK: Energy and bank stocks led Wall Street higher on Wednesday, adding to a rally in the previous session, after strong jobs data dispelled concerns over the health of the U.S. economy.

Asian shares rally to two-month highs on Wednesday(Update)

TOKYO: Asian shares look set to test February highs on Wednesday as signs of recovery in the U.S. manufacturing sector and gains in oil prices eased worries about a global slowdown and pushed U.S. stocks sharply higher

Wall Street chalks up strongest day in a month

NEW YORK: Wall Street enjoyed its strongest session in a month on Tuesday, led by financial and technology stocks after encouraging U.S. factory and construction data suggested the world's biggest economy was regaining momentum.

Wall Street surges as data points to economic recovery (Update 1)

NEW YORK: Wall Street surged on Tuesday, led by financial and technology stocks, after encouraging US factory and construction data suggested the economy was regaining momentum after slowing in the fourth quarter.