(Reuters) - U.S. stocks jumped on Wednesday, as lower bond yields triggered a rebound in utilities and other shares sensitive to interest rates, while signs of strength in the economy reassured investors.
The Dow posted its best day since July after data signaled strength in U.S. consumer spending and a Federal Reserve report showed no increase in wage pressures while the economy grew last month. That helped lift the shares of industrial companies like 3M and Caterpillar Inc., which also raised its dividend.
Read more at Reuters Africa
The Dow posted its best day since July after data signaled strength in U.S. consumer spending and a Federal Reserve report showed no increase in wage pressures while the economy grew last month. That helped lift the shares of industrial companies like 3M and Caterpillar Inc., which also raised its dividend.
Read more at Reuters Africa
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