Wall Street climbs on China data; S&P nears resistance
NEW YORK (Reuters) – Stocks climbed on Thursday on optimism about global growth spurred by stronger-than-expected exports in China, the world’s second-biggest economy, though gains in the S&P 500 were capped at a resistance level near a 5-year high. Financial and energy stocks were the day’s top gainers in afternoon trading. The financial sector index rose 0. 8 percent and the energy sector was up 0. 6 percent. The benchmark Standard & Poor’s 500 index hovered near a five-year closing peak of 1,466. 47. On Friday, the index had closed at its highest since December 2007. . . .
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