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Upbeat data lures back investors after Trump slump


By Yashaswini Swamynathan(Reuters) - U.S. stocks rose as upbeat economic data emboldened investors to return to the market on Thursday, a day after Wall Street suffered its worst selloff in eight months following a political turmoil involving President Donald Trump.Reports that Trump had tried to intervene in an ongoing federal investigation cast a shadow on his presidency and the future of his pro-growth agenda.Wall Street rebounded after the Philadelphia Federal Reserve said its business activity index unexpectedly rose in May after declining for the past two months. Weekly unemployment ...

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First Published: Thu, May 18 2017. 22:26 IST