Arab Today, arab today wall street rises on mixed economic data
Last Updated : GMT 03:30:59
Arab Today, arab today
Arab Today, arab today

Wall Street rises on mixed economic data

Arab Today, arab today

Arab Today, arab today Wall Street rises on mixed economic data

New Yourk - XINHUA

U.S. stocks closed higher on Friday, ending the week in positive territory as investors weighed the country's upbeat consumer sentiment index against an unexpected shrinking of its industrial production. The Dow Jones Industrial Average surged 126.80 points, or 0.79 percent, to 16,154.39. The S&P 500 rose 8.80 points, or 0.48 percent, to 1,838.63. The Nasdaq Composite Index edged up 3.35 points, or 0.08 percent, to 4,244.02. The tech-rich Nasdaq rose for its seventh consecutive trading, jumping to its highest in about 13.5 years, while the blue-chip Dow and the broader S&P 500 went up for the sixth time in the seven sessions. All the three indices posted their best week in the year, with both the Dow and the S&P 500 advancing 2.3 percent, and the Nasdaq up 2.9 percent. The market initially fell after the Federal Reserve reported before the opening bell that U.S. industrial production decreased 0.3 percent in January after rising 0.3 percent in December. It was the largest decline since May 2009. Meanwhile, manufacturing output fell 0.8 percent in January, partly because of the severe weather that curtailed production in some regions of the country, it added. However, the market regained momentum soon, moving higher, after a report showed that the preliminary reading of the Reuters/ University of Michigan's consumer sentiment index for February stood at 81.2, surpassing the market consensus of 80.0, as a weather-related drop in current conditions is offset by an advance in expectations. Among other data, U.S. import prices rose for the second consecutive month in January, advancing 0.1 percent, the Labor Department said Friday. Meanwhile, U.S. export prices also rose for the month, rising 0.2 percent. Overseas, European stocks closed broadly higher Friday as data showed that the eurozone gross domestic product increased at a more-than-expected rate of 0.3 percent in the fourth quarter of 2013, also providing a boost to the U.S. market. Moreover, most stocks in Asia ended in positive territory as Chinese inflation data in January came out calm. In corporate news, shares of American International Group dipped 1.25 percent to 48.97 U.S. dollars, though the insurance giant late Thursday released an encouraging earnings report for the fourth quarter while raising its quarterly dividend. The CBOE Volatility Index, widely considered as a fear gauge of the market, dropped 4.03 percent to 13.57. In other markets, U.S. oil price was little changed Friday on mixed economic data. Light, sweet crude for March delivery moved down 5 cents to settle at 100.3 dollars a barrel on the New York Mercantile Exchange, while Brent crude for April delivery gained 56 cents to close at 109.08 dollars a barrel. Gold futures on the COMEX division of the New York Mercantile Exchange rose for eight sessions in a line on soft dollar Friday, with the most active gold contract for April delivery up 18.5 dollars to settle at 1,318.6 dollars per ounce. The U.S. dollar continued to lose momentum against major currencies Friday, as the country's unexpected drop in industrial production weighed on the currency. In late New York trading, the euro rose to 1.3696 dollars from 1.3675 dollars of the previous session, and the British pound went up to 1.6743 dollars from 1.6655 dollars.

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 wall street rises on mixed economic data Arab Today, arab today wall street rises on mixed economic data

 



Arab Today, arab today
Arab Today, arab today Prepares to present her new collection

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection
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 Optimism on the front line

GMT 07:24 2017 Monday ,20 February

Optimism on the front line
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic

GMT 09:38 2017 Monday ,20 February

Japan returns to trade deficit in January

GMT 07:16 2017 Monday ,20 February

Global arms trade highest since Cold War

GMT 06:10 2017 Monday ,20 February

Tourism shows signs of recovery in Egypt

GMT 05:45 2017 Monday ,20 February

Brexit U-turn ruled out by many in EU

GMT 16:23 2017 Sunday ,19 February

Global energy news

GMT 16:05 2017 Sunday ,19 February

Trudeau calls for wider social benefit from economy
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
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 Egypt to hold first session of Arab film festival

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 21:49 2017 Thursday ,16 February

Scientists develop new therapy

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 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome
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