Stocks closed higher Tuesday after retailers saw a small rise in
year-over-year sales during December, outpacing market expectations
for little or no growth during the critical holiday season. All 10
sectors in the S&P 500 rose, led by gains for technology stocks
following a new upgrade for chip-maker Intel and an acquisition by
search-engine giant Google. Shares of healthcare and energy
companies also posted strong advances.
The Commerce Department toda said retail sales rose 0.2% in
December, beating forecasts for sales to remain unchanged. But the
better than expected results were tempered by a downward revision
to November which went from a healthy 0.7% gain to a modest 0.4%
Export prices increased 0.4% in December, the Labor Department
reported, beating consensus estimates for a 0.1% rise. Import
prices were unchanged compared with forecasts calling for a 0.4%
gain. Also, business inventories continued to accelerate, gaining
0.4% in November from an upwardly revised +0.8% in October,
according to Commerce Department figures.
Crude oil for February delivery rose 74 cents to settle at
$92.52 per barrel while February natural gas added 10 to finish at
4.37 per 1 million BTU. February gold slid $5.90 to $1,245.20 per
ounce while March silver fell 9 cents to $20.28 per ounce. March
copper was off a penny at $3.34 per pound.
Here's where the U.S. markets stood at end-of-day:
Dow Jones Industrial Average up 115.92 (+0.71%) to 16,373.86
S&P 500 up 19.68 (+1.08%) to 1,838.88
Nasdaq Composite Index up 69.71 (+1.69%) to 4,183.02
Hang Seng Index down 0.43%
Shanghai China Composite Index up 0.86%
FTSE 100 Index up 0.14%
(+) MNOV, Announced positive results from a study that examined
the potential clinical efficacy of MN-001 for the treatment of
(+) MZOR, Signed an agreement to provide its Renaissance system
and portfolio of disposable products to one of the largest
group-purchasing organizations for hospitals, acute and non-acute
(+) AQQ, Will record a $2 million gain in Q1 2014 on a real
estate sale in Houston, Texas.
(-) FULL, Priced a public offering of 1,650,000 shares of its
common stock at a public offering price of $7.13 per share
(-) WWW, Reported weaker-than-expected preliminary FY13
(-) GME, Announced lower-than-expected guidance for Q4 and
full-year 2013 EPS on slower than forecast sales of new software
and lower gross margins.
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