News Column

Wall Street opens in green on China's exports

February 12, 2014

U.S shares opened in green territories today as optimism was spread on a global scale and throughout the worldwide stock market after that data showed that Chinese exports increased more than expected to actually support the S&P 500 extend its largest four-day rise in more than a year. If truth be told China had that nation`s exports expanding 10.6 percent in January from the year-earlier period, which boosted hopes of a better global economic conjuncture since it's the second world's leading economy. Accordingly: -The S&P 500 Index rose 0.15% to 1822.46, rising for the fifth straight session -The Dow Jones Industrial Average rose 0.07% to 16005.27 -The NASDAQ Composite rose 0.30% to 4203.59 .  As of 10:15 a.m. ET Now  Procter & Gamble fell 1.2 percent after the Dow component and supplier of consumer goods cut its sales and earnings outlook for the year to reflect the devaluation of currencies in emerging markets. As the dollar rose against the currencies of major U.S. trading partners and the yield on the 10-year Treasury note gained 2 basis points to 2.748 percent. Not forgetting that Federal Reserve Chief Janet Yellen said Tuesday the U.S. labor market needs more work to be restored to full health, and also pledged to maintain her predecessor's policies to ensure the recovery to full employment and stable prices.

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Source: Financial Markets

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