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12 Mar 2015
US stocks ignore weak data
FXStreet (Mumbai) - The stock markets in the US got off to a solid start as the investors ignored the dismal monthly retail sales figures. The major indices in the US are trading 0.50% to 1% higher.
The Dow Jones Industrial Average rose 164.11 points, or 0.93%, to 17,800.00. The S&P 500 index added 15.76 points, or 0.77%, to 2056, while the Nasdaq Composite added 20.53 points, or 0.42%, to 4870.48.
The markets ignored mixed economic data on Wednesday. Retail sales fell 0.6% in February, marking the third month in a row of declining sales, while Jobless claims fell by 36K to 289K in the week ended March 7.
Among stocks, shares in American Express gained 1.85%, while American Airlines G rose 2.11%. Investment banks Morgan Stanley and Goldman Sachs gained 4.07% and 1.85% respectively. Meanwhile, chip maker Intel declined by 3.34%, followed by Microsoft, which is down by 1.26%.
The Dow Jones Industrial Average rose 164.11 points, or 0.93%, to 17,800.00. The S&P 500 index added 15.76 points, or 0.77%, to 2056, while the Nasdaq Composite added 20.53 points, or 0.42%, to 4870.48.
The markets ignored mixed economic data on Wednesday. Retail sales fell 0.6% in February, marking the third month in a row of declining sales, while Jobless claims fell by 36K to 289K in the week ended March 7.
Among stocks, shares in American Express gained 1.85%, while American Airlines G rose 2.11%. Investment banks Morgan Stanley and Goldman Sachs gained 4.07% and 1.85% respectively. Meanwhile, chip maker Intel declined by 3.34%, followed by Microsoft, which is down by 1.26%.