S&P 500 edged up on optimistic US industrial output data

Note: This section contains information in English only.
Source: Dukascopy Bank SA

US equities were mostly higher on Wednesday amid mixed US data. US CPI remained unchanged while industrial output increased slightly more than expected last month. At the same time, traders were weighting all recent US data on whether the Fed will embark on stimulus measures. The S&P 500 Index climbed by 0.11% to trade at 1,405.53. Eight out of then sectors within the index rose. The biggest gains posted consumer services and financials. Among financials, BB&T, M&T Bank and US Bancorp advanced by 1.05%, 0.53% and 0.45%, respectively. Meanwhile, Target added 1.77% after reporting better than expected earnings and raising full-year profit outlook. At the same time, utilities and telecommunications dragged the index lower. Ameren Corp, CMS Energy and NRG Energy slid 0.89%, 0.93% and 0.19%, respectively. Among telecommunications, AT&T as well as CenturyLink dropped by 0.40% and 1.05%. Staples was the top-loser as the company's income tumbled by 32% amid weak sales in North America and Europe.

 

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