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Global stocks climb as S&P 500 hits record, oil rises after selloff
A jump in U.S. consumer spending pushed U.S. shares to an intraday record on Monday and global equities edged higher, offsetting a weak euro zone sentiment survey and political uncertainty over Spain's elections. Major U.S. indexes advanced modestly, with the S&P 500 topping its intraday record of 2,940.91 set on Sept. 21 with a session high of 2,948.71. Economic data showed U.S. consumer spending surged 0.9% in March, the most in more than 9-1/2 years, although inflation remained subdued, supporting the Federal Reserve's recent decision to hold off on further U.S. interest rate hikes this year.
https://finance.yahoo.com/news/asian-shares-rise-strong-u-010803838.html?.tsrc=rss
A jump in U.S. consumer spending pushed U.S. shares to an intraday record on Monday and global equities edged higher, offsetting a weak euro zone sentiment survey and political uncertainty over Spain's elections. Major U.S. indexes advanced modestly, with the S&P 500 topping its intraday record of 2,940.91 set on Sept. 21 with a session high of 2,948.71. Economic data showed U.S. consumer spending surged 0.9% in March, the most in more than 9-1/2 years, although inflation remained subdued, supporting the Federal Reserve's recent decision to hold off on further U.S. interest rate hikes this year.
https://finance.yahoo.com/news/asian-shares-rise-strong-u-010803838.html?.tsrc=rss
