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While you were sleeping: Wall Street hits records

Wall Street rose, pushing the Dow and S&P 500 to record highs, after a larger-than-expected drop in US jobless claims and the Federal Reserve’s fresh promise to keep interest rates low. A Labor Department report showed US jobless claims fell by 36,000 to 280,000 in the period ended September 13. Meanwhile, a Commerce Department report showed housing starts fell 14.4 …

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MARKET CLOSE: NZ shares bounce from month-low; Spark gains on Fed

New Zealand shares rose from a month-low as the prospect of low US interest rates lured overseas investors seeking high-yield assets. Meridian Energy and Spark New Zealand paced the gain. The NZX 50 Index rose 11.842 points, or 0.2 percent, to 5154.182. Within the index, 25 stocks rose, 18 fell and seven were unchanged. Total turnover was $144 million. The local market followed Wall …

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