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Asian shares advance as investors await US growth data

May 26, 2021

Via: ABC News

U.S. stocks edged higher in morning trading Wednesday as investors continue to monitor the economic recovery and rising inflation.

The S&P 500 was up 0.2% as of 11:38 a.m. Eastern. The Dow Jones Industrial Average, which turned 125 years old, rose 38 points, or 0.1%, to 34,349. The Nasdaq rose 0.5%.

A variety of companies that rely on direct consumer spending made solid gains. Dick’s Sporting Goods jumped 16.7% after reporting a surge in first-quarter sales and solid earnings as team sports returned.

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