U.S.
stocks rose, restoring the Standard & Poor’s 500 Index’s gain for
the year and paring a monthly decline as retailers and technology shares
rallied in light trading.
Amazon.com
Inc. paced gains among retailers for a second day, rising 2.6 percent
to a record in post-holiday trading that was 38 percent below the 30-day
average for this time of day. Kohl’s Corp. and Target Corp. increased
more than 2.5 percent. Pep Boys added 7.8 percent after Carl Icahn
raised his takeover offer for the auto-parts chain to more than $1
billion. Google parent Alphabet Inc. rose 1.8 percent to bolster gains
in technology shares.
The
S&P 500 advanced 0.8 percent to 2,073.64 at 12:03 p.m. in New York,
after slipping 0.2 percent Monday in the lightest volume for a full
session on U.S. exchanges this year. The gauge is above its average
price during the past 50 days. The Dow Jones Industrial Average climbed
160.90 points, or 0.9 percent, to 17,689.90. The Nasdaq Composite Index
gained 1 percent.
The
benchmark gauge is now up 0.7 percent for the year, having fluctuated
between gains and losses throughout December on the back of the Fed’s
first interest-rate increase in almost a decade. That compares with a
3.6 percent drop this year on the MSCI All Country World Index. Still,
stocks are defying the historical trend of gains in the final month of
the year, with the S&P 500 down 0.3 percent, trimming a drop of as
much as 3.6 percent.
Source : Bloomberg
0 komentar :
Post a Comment