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December 17, 2017
Thursday, April 9, 2015

Wall Street little changed with data, earnings eyed

US stocks were little changed in choppy trading after initial jobless claims data rose less than expected, suggesting an abrupt slowdown in job growth in March could be temporary.

The energy sector helped buoy the market with a 1.2 percent gain on the back of a rebound in crude futures prices.

The Dow Jones industrial average rose 2.61 points, or 0.01 percent, to 17,905.12, the S&P 500 gained 2.19 points, or 0.11 percent, to 2,084.09 and the Nasdaq Composite added 6.65 points, or 0.13 percent, to 4,957.48.

Initial claims for unemployment benefits rose 14,000 to a seasonally adjusted 281,000. Economists polled by Reuters had forecast claims rising to 285,000.

In Europe, shares rose to their highest in nearly eight years on the prospect of more corporate deals, as well as figures showing a strong recovery in Europe's auto sector and robust German data.

The pan-European FTSEurofirst 300 index provisionally closed up 1.1 percent to 1,630.08 points, hitting its highest level since July 2007 and taking its gains so far this year to 19 percent.

German data lifted the mood, with seasonally adjusted exports rising 1.5 percent on the month after dipping 2.1 percent in January.

Greece's Athex index closed 1.1 percent higher after the country confirmed it will pay a 450 million euro ($485 million) loan installment to the International Monetary Fund and the ECB raised the cap on emergency liquidity assistance that Greek banks can draw.

Earlier in Asia, MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.7 percent to its highest since mid-September. That marks nine straight winning sessions, its best run since September 2013.

Japanese stocks rose 0.75 percent to a 15-year high, while Hong Kong powered up 2.7 percent to a seven-year peak. Hong Kong is up nearly 7 percent so far this week, by far its best week since December 2011.

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Tags:  US  stock market  Europe  Nikkei  





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Edition No. 5055 - This publication is a property of NEFIR S.A. -RNPI Nº 5343955 - Issn 1852 - 9224 - Te. 4349-1500 - San Juan 141 , (C1063ACY) CABA - Director Perdiodístico: Ricardo Daloia