Scoreboard: USA heyday

An encouraging Beige Book report boosted enthusiasm on Wall Street, though bullish signs failed to lift commodities.

Following a fairly sluggish session in Europe (main indexes up 0.1-0.2 per cent), Wall Street looks to have found a decent bid with the S&P500 up 0.8 per cent (1653), the Dow 90 points higher (14,924) and the Nasdaq up 1 per cent (3648). Most of the gains had actually occurred prior to the Fed’s Beige Book (anecdotal report across the Fed regions), but this report wouldn’t have hurt, showing as it did that “national economic activity continued to expand at a modest to moderate pace during the reporting period of early July through late August.”

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