S&P 500 climbs on positive economic data

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Source: Dukascopy Bank
S&P 500 index traded slightly higher on Friday, supported by US economic data including better than expected consumer sentiment and new home sales. However, gains were limited as climbing oil prices raised investor concerns. US stock index added 0.17% or 2.28 points and closed at 1,365.74. Sears Holdings extended its gains and jumped 10.5%. On Thursday the company said it will sell 11 stores and restructure some of its smaller units. First Solar maintained downward trend and dropped 4.4% as Germany last week announced it will reduce State support for solar energy tariffs. 

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