US STOCKS-Wall St advances as industrial production discounted

viernes 14 de febrero de 2014 11:56 GYT
 

* Export prices rise for third straight month

* Industrial production drops sharply

* UMich consumer sentiment survey tops expectations

* Jos. A. Bank to buy Eddie Bauer

* Indexes up: Dow 0.38 pct, S&P 0.31 pct, Nasdaq 0.08 pct

By Chuck Mikolajczak

NEW YORK, Feb 14 (Reuters) - U.S. stocks rose modestly on Friday, with the S&P 500 on track for its first two-week winning streak of the year, as investors were once again willing to overlook some soft economic data stemming from bad weather.

U.S. export prices rose 0.2 percent in January, the third straight monthly increase in a potentially positive sign for global economic demand and the outlook for American manufacturers.

In the latest data point affected by harsh winter weather, factory production fell 0.8 percent in January, the biggest drop in more than 4-1/2 years. Investors have been willing to forgive soft data of late, attributing weak results to bad weather as opposed to a slowing economy.   Continuación...