13 May 2015
US stocks rise in early trading
FXStreet (Mumbai) - The US stocks inched higher in the early session on Wednesday after suffering losses in the previous two sessions.
The Dow Jones Industrial Average rose 42 points, or 0.43%, to 18110. The S&P 500 gained 6 points, or 0.30%, to 2105. The tech-heavy Nasdaq Composite rose 25 points, or 0.5%, to 5001. The S&P index was pushed higher mainly on account of technology stocks, which strengthened 0.5%.
The stocks have gained as investors shrugged off weak economic data released today. The commerce department data in the US showed the retail sales were little changed in April following an upwardly revised 1.1% growth seen in March. The consensus estimate had called for a reading of 0.2%.
Meanwhile, the Treasury prices also climbed, thereby pushing the yield on the 10-year Treasury note lower to 2.189%.
The Dow Jones Industrial Average rose 42 points, or 0.43%, to 18110. The S&P 500 gained 6 points, or 0.30%, to 2105. The tech-heavy Nasdaq Composite rose 25 points, or 0.5%, to 5001. The S&P index was pushed higher mainly on account of technology stocks, which strengthened 0.5%.
The stocks have gained as investors shrugged off weak economic data released today. The commerce department data in the US showed the retail sales were little changed in April following an upwardly revised 1.1% growth seen in March. The consensus estimate had called for a reading of 0.2%.
Meanwhile, the Treasury prices also climbed, thereby pushing the yield on the 10-year Treasury note lower to 2.189%.