US STOCKS-Wall St rises, on track for week of strong gains

viernes 14 de febrero de 2014 14:05 GYT
 

* Major indexes on track for 2nd straight week of gains

* Export prices rise for third straight month

* Jos. A. Bank to buy Eddie Bauer

* Dow up 0.5 pct, S&P up 0.3 pct, Nasdaq down 0.1 pct

By Ryan Vlastelica

NEW YORK, Feb 14 (Reuters) - U.S. stocks mostly rose on Friday, with major indexes on track for their second straight week of gains 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.

"This is not normal weather - a hurricane that came and went and only impacted part of the country. We've had severe poundings that have hit half the country, so there's no question that will adversely affect the data," said Adam Sarhan, chief executive of Sarhan Capital in New York.   Continuación...