TOKYO — Global shares were mostly higher Wednesday as investors were encouraged by positive U.S. economic data, even while the coronavirus pandemic has regions around the world battling recessions. U.S. shares were set for further gains with Dow futures rising 0.6% to 28,790.0. S&P 500 futures rose to 3,550.62, up 0.7%. Investor sentiment was lifted by better-than-expected economic data overnight. The U.S. Commerce Department said construction spending in the U.S. edged higher in July, breaking a string of losses due to disruptions caused by the pandemic.

Source: International New York Times September 02, 2020 07:11 UTC