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Asian shares, dollar cheer Wall Street record

Last Updated: Wednesday, May 28, 2014, 10:01

Asian stocks rose on Wednesday and the dollar held near an eight-week high against a basket of currencies, as investors cheered upbeat U.S. economic data and another record close for the S&P 500.

S&P 500 ends at record high for 2nd straight session

Last Updated: Wednesday, May 28, 2014, 08:56

The S&P 500 closed at a record high for a second straight session on Tuesday, buoyed by the latest round of merger activity and as expectations for rate cuts at the European Central Bank stoked investors` appetite for equities.