US Stocks End Higher
iStock/Stock(NEW YORK) — An upbeat report on U.S. manufacturing Thursday pushed the markets up.
The Dow Jones Industrial Average closed up 92 points at 16,133.23.
The Nasdaq Composite climbed 26 points to 4,267.55.
The S&P 500 closed at 1,839.78, adding 11 points.
We’re seeing a lot of things with “Made in America” labels. A private survey finds manufacturing in the U.S. expanded in January at the fastest pace in almost four years. The MarkitFlash Index rose to 56.7. Numbers above 50 indicate the sector is growing.
Hewlett Packard released its first quarter earnings just after the close, showing figures that beat expectations.
Meanwhile, Walmart forth quarter profits fell 21 percent compared to a year ago, the company reported. The world’s largest retailer says bad weather has been keeping shoppers away.
And the economy is still playing the cost of the massive security breach at Target during the holiday shopping season. The cost to financial institutions of replacing all the credit and debit cards that were compromised has exceeded $200 million, according to data released by the Consumer Bankers Association and the Credit Union National Association. That’s before you factor in the loss from any fraudulent charges.
Copyright 2014 ABC News Radio
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