Saturday, 14 October 2017

SHARE MARKET NEWS :- Wall Street ends up after economic data; S&P up for a fifth week


U.S. stocks rose on Friday following upbeat economic data and gains in technology shares, pushing the Dow and the S&P 500 to a fifth straight week of gains.

Data showed U.S. retail sales jumped in September, and the University of Michigan's consumer sentiment index hit its highest since January 2004.

Another report showed consumer prices recorded their biggest increase in eight months as hurricanes Harvey and Irma boosted demand but underlying inflation remained muted.Netflix shares closed 1.9 % higher after hitting an intraday record high at $200.82 on a slew of price target increases ahead of its earnings report on Monday.

Apple , up 0.6 %, gave the S&P 500 its biggest boost, while the S&P technology index was up 0.5 %. Shares of big banks were mixed following reports from Bank of America and Wells Fargo.

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