Scoreboard: US data delight

Wall Street lifted as investors cheered improved economic data, while the price of gold continued to slip.

In US economic data, weekly claims for unemployment insurance fell by 14,000 to 298,000, below forecasts for a result near 300,000. The leading index rose by 0.9 per cent in July, above forecasts for a 0.6 per cent gain. The Philadelphia Federal Reserve index rose from 23.9 to 28.0 in August, above forecasts for a result near 19.2. And existing home sales rose by 2.4 per cent in July to 5.15 million, above forecasts for a result near 5.02 million.    

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