Stock markets hit record high

Kate McCann
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BOTH the S&P 500 and the FTSE All World index hit record highs yesterday, signalling strong growth across global developed markets.

The S&P 500 index closed at a record high of 1,890.90 and the FTSE All World hit 272.82, the highest level since the financial crisis hit in 2007. The surge in the S&P was driven by US data indicating steady private-sector hiring and suggesting that the economy was slowly building momentum after a winter-related pullback.

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