Sunday, 31 March 2013

US Market Update


S&P 500 set at new record closing at 1569 on Thursday on the back of the positive US data. The consumer spending went up 0.7% in February and consumer sentiment rose to 78.6 in March. However, Q4 GDP showed economy grew by 0.4% and jobless claims went up 16000 to 357000 last week.

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