US STOCKS-Wall St edges higher after upbeat data, retailer gains

viernes 14 de agosto de 2015 15:12 GYT
 

* July U.S. producer prices rise; industrial output up

* Energy stocks decline

* J.C. Penney, Nordstrom rise after strong results

* Indexes: Dow up 0.3 pct, S&P up 0.3 pct, Nasdaq up 0.2 pct (Updates to late afternoon)

By Caroline Valetkevitch

Aug 14 (Reuters) - U.S. stocks inched higher on Friday afternoon after upbeat economic data and gains in retailer shares, though a decline in energy shares limited the move up.

J.C. Penney and Nordstrom both rose after the department store chains posted better-than-expected quarterly results. J.C. Penney was up 5.1 percent at $8.48 while Nordstrom jumped 3.7 percent to $77.72 and was among the biggest percentage gainers in the S&P 500, while the S&P retail index was up 0.4 percent.

Energy shares dipped in afternoon trade and the energy index was the only S&P 500 index in negative territory for the day. Still, the energy index was on track for a gain of 3.2 percent for the week, its biggest since March.

U.S. producer prices rose for a third straight month in July, suggesting the drag on inflation from weaker oil prices was easing, while industrial output advanced at its strongest pace in eight months.   Continuación...