December 7, 2013
Wall Street gains on data, S&P up for fourth week
US stocks rose as surprisingly strong manufacturing data overshadowed views the Federal Reserve could reduce stimulus earlier than expected.
The Dow Jones industrial average .DJI rose 69.80 points or 0.45 percent, to close unofficially at 15,615.55. The S&P 500 .SPX gained 5.10 points or 0.29 percent, to finish unofficially at 1,761.64. The Nasdaq Composite .IXIC added 2.336 points or 0.06 percent, to end unofficially at 3,922.042.
For the week, the Dow rose 0.3 percent and the S&P added 0.1 percent as both notched their fourth consecutive weekly advance. The Nasdaq Composite dropped 0.5 percent for the week.
Fresh signs of corporate earnings weakness pegged back European stock markets on Friday, pushing indexes off multi-year highs and hitting carmaker Renault.
The pan-European FTSEurofirst 300 index fell 0.1 percent to 1,290.93 points in mid-session trade, while the euro zone's blue-chip Euro STOXX 50 index declined by 0.2 percent to 3,060.89 points.