Arab Today, arab today us stocks finish higher after upanddown trade
Last Updated : GMT 08:18:20
Arab Today, arab today
Arab Today, arab today

US stocks finish higher after up-and-down trade

Arab Today, arab today

Arab Today, arab today US stocks finish higher after up-and-down trade

New York - AFP

US stocks finished higher Friday following a choppy day of trade as investors weighed some solid retail earnings reports with mixed economic data. At the closing bell, the Dow Jones Industrial Average advanced 46.05 points (0.28 percent) to 16,492.86. The broad-based S&P 500 added 7.05 (0.38 percent) at 1,877.90, while the tech-rich Nasdaq Composite Index rose 21.30 (0.52 percent) to 4,090.59. Mace Blicksilver, director of Marblehead Asset Management, said better-than-expected earnings from retailers Nordstrom and J.C. Penney boosted sentiment. Yet Blicksilver noted all three stock indices were in negative territory for much of the day until a rally lifted the market about an hour before closing. "It's a very mixed kind of tape," he said. The Commerce Department said that overall housing starts rose 13.2 percent in April from March. However, most of the gains were in the often-volatile multi-family units, while the rise in the economically more important single-family home sector was weak.

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Arab Today, arab today us stocks finish higher after upanddown trade Arab Today, arab today us stocks finish higher after upanddown trade

 



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