Unreal
Weak US data run gives stocks a lift
Japan's Nikkei underperforms in slipstream of losses elsewhere; US economy in focus later
LONDON (AP) -- Stocks posted some modest gains Thursday after a run of unspectacular U.S. economic data eased concerns that the Federal Reserve will start to reduce the amount of financial assets it buys each month.
The advances on Wall Street and European exchanges came after figures showed U.S. economic growth in the first quarter downgraded to an annualized rate of 2.4 percent from 2.5 percent, weekly jobless claims surprisingly up 10,000 and pending home sales rising by far less than anticipated in April.
Is it just me??? - How does "weak US data" validate gains (gives stocks a lift)????
Logic is far gone.