General
Wall Street hits new highs while Russian markets tumble amid US sanctions
Stocks on Wall Street have climbed to fresh record highs fuelled by strong earnings and US economic data, while Russian markets tumbled at the prospect of the harshest US sanctions in years.
Key points:
- US stocks have hit record levels as major companies post strong quarterly earnings
- Dow Jones index rises 0.9pc to 34,036, S&P 500 rises 1.1pc to 4,170, and the Nasdaq rises 1.3pc to 14,039
- US retail sales have jumped 9.8pc in March as more government stimulus boosts consumer spending
The Dow Jones Industrial Average climbed 0.9 per cent to 34,036 for the first time, surpassing its previous closing peak last week.
The S&P 500 gained 1.1 per cent to reach another record high of 4,170, with technology and communications stocks like Apple,…
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