December 12, 2013
Wall Street ends up a day after Nasdaq outage, Microsoft jumps
Stocks rose in light trading, led by a jump in Microsoft shares, as trading took place without interruption a day after the Nasdaq stock exchange suffered an unprecedented, three-hour trading halt.
The Dow Jones industrial average .DJI rose 46.77 points or 0.31 percent, to 15,010.51, the S&P 500 .SPX gained 6.54 points or 0.39 percent, to 1,663.5 and the Nasdaq Composite .IXIC added 19.085 points or 0.52 percent, to 3,657.792.
European bourses were little changed with British stocks outpacing the broader market after data showed the country's economy was growing more quickly than first thought.
Shares in British supermarkets Morrison and Sainsbury rose 1.8 percent and 1.2 percent, respectively, having extended gains after Britain's second-quarter GDP figures were revised up to show a 0.7 percent increase.
They helped London's FTSE 100 rise 0.2 percent to 6,460.17 points, outperforming the pan-European STOXX 600 , flat at 303.55 points, and the euro zone Euro STOXX 50 index, down 0.3 percent at 2,804.41 points.
The estimate revision came after a raft of forecast-beating data from Britain and other European economies, such as Germany, in recent weeks, in contrast with signs of slowing growth in emerging economies.
The Euro STOXX 50 has risen 13 percent since early July as improving European economic data persuaded investors to switch back from emerging markets.
But the index was on track for its first weekly loss since early July after expectations of reduced bond buying from the Federal Reserve caused some profit taking on two-year highs in the early part of the week.
The broader FTSEurofirst 300 was flat at 1,218.95 points, putting it on course for its first weekly loss since late June. Volume was thin at 24.1 percent of the index's full-day average for the past three months.
Meanwhile, Japan's Nikkei share average jumped more than 2 percent with upbeat factory activity data from around the world spurring broad gains, led by exporters like Toyota Motor Corp that got an extra lift from a weaker yen.
The Nikkei rose 2.2 percent to 13,660.55, after shedding 0.4 percent in the previous session. For the week, the benchmark gained 0.1 percent.
The broader Topix added 2 percent to 1,141.63 in light trade.