The data “basically tells us economic activity in the fourth quarter is likely to remain at a solid pace,” said Peter Cardillo, chief market economist at Spartan Capital Securities in New York.
Asian markets followed Wall Street higher after the US Federal Reserve lowered interest rates. Fed Chair Jerome Powell indicated confidence in the US economy’s future.
Pension regulator PFRDA has revised investment rules, allowing private pension funds to invest in the top 250 market-cap stocks and gold/silver ETFs for better returns.
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