US stocks continue rise on economic optimism
New York, March 31: US markets continued their upward swing Wednesday as traders were buoyed by optimism that jobs data due out later in the week would point to continued economic recovery.
Telecommunications stocks led the rally after AT&T chief executive Randall Stephenson outlined the benefits of a planned takeover of smaller rival T-Mobile, a subsidiary of Germany’s Deutsche Telekom.
Traders expect the US jobless rate to continue to fall when monthly figures are released Friday. The rate stood at 8.9 percent in February.