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U.S. stocks open higher as data show no signs of overheating


Wednesday, 14 March 2018 20:51 WIB

DOW JONESS & P 500 Standard & Poor's 500Saham ASNasdaq


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U.S. equity markets opened higher on Wednesday as retail sales and producer prices data showed no significant pick-up in inflation. Monthly retail sales fell for a third month in a row, while producer prices last month rose at a slower pace than in January.

The Dow Jones Industrial Average gained 120 points, or 0.5%, to 25,125. The S&P 500 index rose 9 points, or 0.4% to 2,774, while the Nasdaq Composite gained 28 points, or 0.4% to 7,539.

Among the best performers on the S&P 500, Ford Motor rallied after analysts at Morgan Stanley upgraded the stock to overweight from underweight. Signet Jewelers Ltd was the worst performer, dropping sharply after the company unveiled a restructuring plan to be carried out over the next three years.

Source: Marketwatch


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