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Strong rise on Wall Street: another record day due to positive data from the US economy


Archyde
April 15, 2021 by archyde
Stock brokers work on the New York Stock Exchange (USA). EFE / Justin Lane / Archive
The S&P 500 and Dow Jones indices hit all-time highs on Thursday, Following surprisingly strong retail sales and employment data, it bolstered hopes for a general economic rebound in the United States.
The
Retail sales increased 9.8 percent in March compared to the previous monthas Americans spent more on restaurants and sporting goods, gardening and cars as coronavirus vaccines became widespread.
The Labor Department said last week
576,000 new jobless claims were filed, seasonally adjusted,
much less than analysts expected and the fewest since the week ending March 14, 2020, just before the coronavirus triggered business disruptions and millions of layoffs. ....

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