Scoreboard: American industry

Wall Street got a kick from industrials as well as the tech sector after a surge in US building permits and strong house price growth.

There was only a tentative move above 4000 in the previous session and at the close the index was just below. Last night however, the Nasdaq broke decisively above and sits at 4021 as I write – or up 0.7 per cent. Only 680 points to go! Actual stock specific news flow was light overnight and so there’s nothing really driving it. Just love – because that’s all you need.

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