Scoreboard: Great job

Wall Street lifted to fresh records as strong growth in jobs, housing and consumer spending offset weak confidence.

Another day and another record for US stocks – this beast is unstoppable. Gains were modest in some cases though, and at the time of writing, the S&P500 was up 0.4 per cent (1769), the Dow had risen 0.6 per cent (15,655) while the Nasdaq was 0.2 per cent higher (3947). Not bad all considered and especially as the headlines on the economic data are universally bad. Which is a pity because the data itself was actually quite good for the most part.

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