Arab Today, arab today us stocks gain on solid economic data
Last Updated : GMT 08:00:23
Arab Today, arab today
Arab Today, arab today

US stocks gain on solid economic data

Arab Today, arab today

Arab Today, arab today US stocks gain on solid economic data

US stocks
New York - AFP

Wall Street stocks rose Friday, closing the week on a high note following solid US data on wholesale prices and industrial production.

The Dow Jones Industrial Average rose 69.15 points or 0.40 percent to 17,477.40.

The broad-based S&P 500 gained 8.15 (0.39 percent) to 2,091.54, while the tech-rich Nasdaq Composite Index rose 14.68 (0.29 percent) to 5,048.24.

US industrial production increased by a greater-than-expected 0.6 percent in July, while producer prices rose 0.2 percent, according to government data.

Michael James, managing director of equity trading at Wedbush Securities, said US stocks have been in a holding pattern amid mixed signs on the global economy. Friday's US data was a "positive," he added.

"Nothing has really changed from the trading range we've been in most of the last few months," he said.

Food services company Sysco jumped 7.4 percent after activist fund Trian disclosed a 7.1 percent stake in the company and said it was in talks with Sysco management on ways to boost profitability and return more cash to shareholders.

Perrigo, a maker of over-the-counter pharma products, rose 1.8 percent after hedge fund Paulson & Co, a large Mylan shareholder, said it supported Mylan's hostile bid to acquire Perrigo. Mylan added 0.3 percent.

Upscale department store Nordstrom shot up 4.3 percent as it lifted its 2015 outlook following 15.3 percent rise in second-quarter earnings to $211 million behind higher sales.

J.C. Penney, another department store chain, bolted 5.6 percent higher after reporting a second-quarter loss of 45 cents per share, a smaller loss than the 48 cents per share projected by analysts. Same store sales rose 4.1 percent.

Applied Materials, which sells manufacturing services and equipment to the semiconductor and solar industries, fell 2.4 percent as it projected earnings in the current quarter of 27-31 cents per share, below the 33 cents expected by analysts.

King Digital Entertainment, creator the "Candy Crush" video game, slumped 11.0 percent as net income for the quarter ending June 30 fell 27.9 percent to $119.3 million.

Bond prices were mixed. The yield on the 10-year US Treasury rose 2.20 percent from 2.18 percent Thursday, while the 30-year slipped to 2.84 percent from 2.86 percent. Bond prices and yields move inversely.

 

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us stocks gain on solid economic data Arab Today, arab today us stocks gain on solid economic data

 



Arab Today, arab today
Arab Today, arab today Nohan Seyam designs beautiful accessories

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today 11 family members dead in rebel push

GMT 07:57 2017 Tuesday ,21 February

11 family members dead in rebel push
Arab Today, arab today To probe sexual harassment claims

GMT 10:08 2017 Tuesday ,21 February

To probe sexual harassment claims

GMT 18:36 2017 Monday ,20 February

Heavy selling drags Oman shares lower

GMT 06:16 2017 Monday ,20 February

Bank shares lift Tadawul

GMT 13:43 2017 Sunday ,19 February

Local institutional buying lifts Oman shares higher

GMT 15:33 2017 Saturday ,18 February

Lock-up shares worth 39 bln yuan eligible for trade

GMT 09:49 2017 Saturday ,18 February

Qatar Stock Exchange Index Gains 190.17 Points This Week
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today 63-Year-Old Woman Delivers Baby

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby
Arab Today, arab today Small ponds have outsized impact

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Janat pleased for issuing 'Good Morning'

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed

GMT 12:22 2017 Monday ,20 February

Kanye West puts hijab-wearing model

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 05:15 2017 Tuesday ,21 February

Omega 3 can reduce asthma cases

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 16:08 2017 Wednesday ,15 February

Shawsh reveals her collection "Jewelry of dreams"
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday