US stocks pause after record surge

A record-breaking rally in US stocks paused yesterday as investors assessed whether the rise in stock valuations overstated the recent improvement in the economy.

US stocks pause after record surge
Tue, 14 May, 2013 - 09:59

A record-breaking rally in US stocks paused yesterday as investors assessed whether the rise in stock valuations overstated the recent improvement in the economy.

The latest positive data, out yesterday, showed that Americans increased spending at retailers last month.

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