US STOCKS-Wall St edges up, Dow again positive for 2014

miércoles 13 de agosto de 2014 10:47 GYT

* Retail stocks down after soft economic data, Macy's outlook

* Deere lower after cutting outlook

* Amazon introduces card device, shares rally

* Indexes up: Dow 0.2 pct, S&P 0.3 pct, Nasdaq 0.5 pct (Updates to market open)

By Ryan Vlastelica

NEW YORK, Aug 13 (Reuters) - U.S. stocks rose on Wednesday, with the Dow turning positive for the year as investors sought bargains amid signs of easing tensions in Ukraine and Iraq, which overshadowed some weak reads on the retail sector.

Wall Street has been largely driven by the news flow from abroad, and signs of progress were enough to overshadow some cautious signals in the United States, where retail sales unexpectedly stalled in July, pointing to some loss of momentum in the economy.

Based on its Tuesday close, the benchmark S&P 500 is 2.7 percent below a record close in late July. Throughout 2014, investors have been using market pullbacks as opportunities to add to their positions.

"The market seems comfortable with what's going on abroad, and while there's always a risk of escalation, which would give the market pause, trying to anticipate that is pure speculation," said David Lebovitz, global market strategist at J.P. Morgan Funds in New York.   Continuación...