Encouraging Economic Data Overshadows GM Bankruptcy Filing

Encouraging Economic Data Overshadows GM Bankruptcy Filing

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money.gifUS stocks rose sharply Monday to hit seven-month highs as investors took the General Motors bankruptcy filing in their stride and focused on encouraging economic data.

Stocks were further boosted by better than expected US manufacturing data suggesting the economy was bottoming out. Separate data showed that the income of Americans increased in April.

(Continue reading in Financial Times)

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