US STOCKS-Wall St rises; indexes up for second straight week

viernes 14 de febrero de 2014 18:55 GYT
 

* Stock indexes post biggest weekly percentage gains of 2014

* Export prices rise for third straight month

* Jos. A. Bank to buy Eddie Bauer

* Dow up 0.8 pct, S&P 500 up 0.5 pct, Nasdaq up 0.1 pct

By Ryan Vlastelica

NEW YORK, Feb 14 (Reuters) - U.S. stocks closed higher on Friday, with major indexes notching a second straight week of gains as investors were once again willing to overlook some soft economic data stemming from bad weather.

Gains were broad, with the Nasdaq closing at its highest level since 2000 and nine of the 10 major S&P 500 sector indexes rising on the day. The only declining sector was telecom , which is viewed as a defensive play. Energy, which is closely tied to the pace of economic growth, was the day's biggest advancer, up 1.5 percent.

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...