US STOCKS-Wall St drifts higher on German data; S&P touches record

viernes 13 de febrero de 2015 11:55 GYT

* Import prices drop in January

* UMich falls from 11-year high

* German growth beats expectations

* Indexes up: Dow 0.24 pct, S&P 0.15 pct, Nasdaq 0.11 pct (Adds UMich data)

By Chuck Mikolajczak

NEW YORK, Feb 13 (Reuters) - U.S. stocks advanced modestly on Friday, as the S&P 500 scaled a new intraday record, buoyed by upbeat German growth data.

Germany grew 0.7 percent in the fourth quarter, more than double the expected 0.3 percent, pointing to a stronger 2015 for the region's biggest economy.

U.S. import prices tumbled 2.8 percent in January, the largest decline since December 2008 and the seventh straight month of declines, indicating inflation pressures could remain subdued, while consumer sentiment fell from an 11-year high.

Equities have rallied this week after a ceasefire agreement between Ukraine and Russia, and apparent progress on a deal on Greek debt in the euro zone. For the week, the Dow is up 1.1 percent, the S&P 500 is up 1.8 percent and the Nasdaq is up 2.5 percent.   Continuación...