US STOCKS-Wall St up slightly, led by health, consumer sectors

miércoles 25 de noviembre de 2015 16:12 GYT
 

* Jobless claims fall more than expected

* Durable goods orders rise 1.3 pct in Oct

* Consumer spending barely rises

* Indexes up: Dow 0.11 pct, S&P 0.06 pct, Nasdaq 0.32 pct (Updates to late afternoon, adds commentary, changes byline)

By Sinead Carew

Nov 25 (Reuters) - Wall Street stocks were slightly higher in light trading on Wednesday, with the biggest gains in healthcare and consumer stocks as the latest data showed a modestly growing U.S. economy.

While investors cited good conditions for consumers, they were also cautious about global security issues and the impact from the first U.S. interest rate hike since 2006, which is expected in December.

"With market valuations where they're at right now, there's potential downside if the next data point or global political event is negative," said Jeff Morris, head of U.S. equities at Standard Life Investments in Boston.

"At the same time, we feel the U.S. economy continues its slow recovery and the underpinnings for U.S. equities are relatively solid. The consumer is benefiting from an improved labor market, relatively low interest rates."   Continuación...