Wall Street edges higher on data, techs show strength

By way of Ryan Vlastelica NEW YORK (Reuters) – U.S. stocks edged higher on Wednesday as a round of positive information boosted optimism about the percent of world growth and Hewlett-Packard rallied after asserting its results. Weekly jobless claims for unemployment advantages swiftly fell within the latest week, an indication of regular development in the labor market. One after the other, the November Chicago Purchasing Managers Index and the final November Thomson Reuters/University of Michigan gauge of shopper sentiment also came in above expectations, indicating that prerequisites proceed to reinforce. "The information used to be magnificent and is in keeping with an financial system where customers must do smartly," mentioned Wayne Kaufman, chief market analyst at Rockwell Securities in New York.