US: S&P 500, Nasdaq end at records, extending Wall Street rally

Wall Street stocks rocketed higher again on Wednesday with the Nasdaq ending above 12,000 for the first time as investors shrugged off disappointing employment data and a cautious Federal Reserve report.[NEW YORK] Wall Street stocks rocketed higher again on Wednesday with the Nasdaq ending above 12,000 for the first time as investors shrugged off disappointing employment data and a cautious Federal Reserve report.

The surge came despite disappointing hiring data from private payrolls firm ADP and a tepid assessment of US economic conditions from the Federal Reserve. The Fed noted"rising instances of furloughed workers being laid off permanently as demand remained soft," especially in the hard-hit services industries.

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