NEW YORK (dpa-AFX) – A whole series of surprisingly good economic data and strong quarterly figures from the Dow heavyweight UnitedHealth fueled the rally on the US stock exchanges on Thursday. Both the Dow Jones Industrial and the market-wide S&P 500 and the technology-heavy Nasdaq rose to further highs.
The Dow climbed 0.90 percent to 34,035.99 points, overcoming the next round mark of 34,000 points. The S&P 500 advanced 1.11 percent to 4,170.42 points. The Nasdaq 100 gained 1.61 percent to 14 026.20 points and closed above the 14,000 point mark for the first time.
Data from the labor market, the retail sector and leading indicators from regional central banks all published before the starting bell exceeded market expectations. The situation on the US housing market also improved in April. Only industrial production fell short of economists’ forecasts in March. / Bek / he
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