U.S. equities higher on Friday

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Source: Dukascopy Bank SA
U.S. equities advanced on better-than-forecast economic data that offset concerns over budget spending cuts and Italian parliamentary election. The Standard's & Poor's 500 Index rallied as much as 0.2% to close at 1,518.20 on Friday. The gauge has rallied 1.1% in February, extending its gains for a fourth consecutive month. Seven out of ten groups in the gauge edged higher. The top-performer was Intuitive Surgical Inc. that jumped 8.5% to $553.400 and posted a biggest surge among all blue chip companies. Salesforce.com followed with a 7.6% increase, as the company that provides sales and marketing software posted quarterly sales of $385 million, beating the estimates. Best Buy Co Inc. added 4.6% to pace gains in consumer services group that soared 0.8%, the most in the gauge. Meanwhile, CONSOL Energy lost 4.7%, adding to the 0.2% decline in oil and gas shares, and Peabody Energy slid 4.7%.
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Mon, 04 Mar 2013 11:00:04 GMT

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