S&P 500 up on Wednesday amid retail sales data

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Source: Dukascopy Bank SA
U.S. equities edged higher on rising optimism about the world's largest economy's outlook, as retail sales data topped the analyst estimates. The S&P 500 Index rallied 0.1%, to 1,554.52 by its close. Five out of ten sectors included in the index posted gains. Among best-performing companies was Netflix with a 5.6% rally to end at $192.36 after the online video service provider started offering its U.S. subscribers a new option to peer into the digital movie libraries of other users in cooperation with Facebook. Furthermore, Washington Post Company soared 5.1% to bolster industrial shares that were 0.5% up. Staples Inc followed with a 4.3% advance to end at $13.58. The office supplier added to gains in the consumer services group that rose 4.3%. Among worst performers were Cliffs Natural Resources with a 4.9% drop to drag down basic materials and Valero Energy, pacing losses in oil and gas stocks.


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