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S and P 500 climbs above 5,600 level for 1st time in history

ISTANBUL: The US stock market index S and P 500 on Wednesday climbed above the 5,600 record-high level for the first time in history.

The index increased to the all-time high level of 5,600.76 level at 12.06 p.m. EDT (1606GMT).

It was trading at 5,6…

US wholesale trade sales rise 0.4% in May

ISTANBUL: Wholesale trade sales in the US increased by 0.4% in May, compared to the previous month, according to Commerce Department figures released Wednesday.

Wholesale trade sales, also known as the total sales of merchant wholesalers except manuf…