US STOCKS-Dow during record though S&P prosaic as appetite weighs

No Comment 0 View

* DJ reports Halliburton in talks to buy Baker Hughes; BHI
rallies Wal-Mart climbs after results

* BlackBerry adult after partnerships announcement

* Dow adult 0.23 pct, SP adult 0.05 pct, Nasdaq adult 0.11 pct

(Updates to close)

By Rodrigo Campos

NEW YORK, Nov 13 (Reuters) – The Dow industrials sealed during a
record high on Thursday, increased by gains in Wal-Mart, though the
SP 500 was small altered as appetite shares tracked crude
futures prices lower.

The appetite zone cut a waste late in a event after
Dow Jones reported Halliburton is in talks to buy Baker
Hughes. Halliburton finished adult 1 percent after earlier
falling as most as 4.6 percent, while Baker Hughes rallied to
close adult 15.3 percent during $58.75.

They were, however, a usually dual bonds to finish aloft in
the appetite zone of a SP 500, that sealed down 1.3
percent. Energy shares fell as Brent wanton slid below
$78 a tub while U.S. wanton tumbled 3.6 percent to
$74.39, both during their lowest in some-more than 4 years.

Wal-Mart sealed adult 4.7 percent during $82.94 after
posting aloft same-store sales for a initial time in seven
quarters. It progressing strike a high of $83.06.

“Wal-Mart is display strength, display a healthy relation
it should have with (lower) appetite prices,” pronounced Art Hogan,
chief marketplace strategist during Wunderlich Securities in New York.

Consumer-related companies are approaching to see some-more demand
as reduce gasoline costs giveaway adult cash.

“But while we’re watchful for (other) consumer bonds to
rise, reduce appetite prices continue to be a headwind,” Hogan

The Dow Jones industrial normal rose 40.59 points,
or 0.23 percent, to 17,652.79, a SP 500 gained 1.08
points, or 0.05 percent, to 2,039.33 and a Nasdaq Composite
combined 5.01 points, or 0.11 percent, to 4,680.14.

Despite a slight gains, disappearing issues outnumbered
advancing ones on a NYSE 1,974 to 1,085, for a 1.82-to-1 ratio
on a downside; on a Nasdaq, 1,800 issues fell and 893
advanced for a 2.02-to-1 ratio.

Apple rose as high as $113.45 to a uninformed record
while Microsoft, adult 1.7 percent to $49.61, swelled to a
market top above $408 billion. It overtook Exxon Mobil
as a second-largest publicly traded U.S. company, behind

DreamWorks Animation shares jumped 14.1 percent to
$25.52 after a New York Times pronounced toymaker Hasbro Inc
was in talks to buy a Hollywood studio. Hasbro shares mislaid 4.3
percent to $54.98.

U.S.-traded BlackBerry shares jumped 7 percent to
$12.06 after it denounced a new mobile-device government and
security height and struck wide-ranging partnerships.

The SP 500 posted 67 new 52-week highs and 2 new lows; the
Nasdaq Composite available 139 new highs and 63 new lows.

Volume on U.S. exchanges strike 6.4 billion, next the
month-to-date normal of 6.55 billion, according to BATS Global
Markets data.

(Editing by Bernadette Baum and Nick Zieminski)

In : Business

About the author

Leave a Reply

Your email address will not be published. Required fields are marked (required)



Mojo Marketplace