Wall Street cuts losses on hope for lift from easy money
NEW YORK (Reuters) – The Dow edged up while the S&P 500 and Nasdaq cut most of their losses on Thursday as investors shifted attention from weak manufacturing data around the world to the belief that central banks’ easy money policies will help revive the global economy. Pockets of strength in late afternoon trading included housing, with an index of housing stocks up 0. 7 percent, along with energy and utilities. The S&P energy index was up 0. 5 percent, reflecting gains in energy shares along with rising Brent and U. S. November crude oil prices. The S&P utilities index was up 0. 4 percent. . . .
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