Wall Street’s benchmark S&P 500 index recorded another all-time high and commodities rallied on Thursday after the US government reported the strongest rate of growth during the first three months of the year since 1984.
The 0.7 per cent increase in the S&P 500 share index took it above the record closing it achieved just two days ago, extending the year-long rally.
The strong US economic growth data also sent the cost of raw materials sharply higher. Copper traded on the London Metal Exchange above $10,000 a tonne, levels not seen since 2011. Brent crude, the international oil marker, gained 1.9 per cent to $68.56 a barrel.
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